Gemini crypto exchange co-founders Tyler and Cameron Winklevoss are each sending $1 million worth of Bitcoin (BTC) donations to Republican Presidential candidate Donald Trump.
In a lengthy post on the social media platform X, the billionaires both say they are donating to Trump and will be voting for him during this year’s upcoming election due to his pro-crypto stances.
According to Cameron Winklevoss,
“I also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November.
Here’s the TL;DR — President Trump is:
Pro-Bitcoin
Pro-Crypto
Pro-Business
And he will put an end to the Biden Administration’s war on crypto. Onward!”
Twin brother Tyler expands on what they view as the Biden Administration’s war on crypto.
“Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it. This Administration’s actions have been nothing short of an unprecedented abuse of power wielded entirely for twisted political gain at the complete expense of innovation, the American taxpayer, and the American economy.”
Tyler Winklevoss goes on to accuse the Biden Administration of using the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) to undermine crypto assets.
“The Biden Administration’s SEC has not written a single rule for the crypto industry to help any of its participants understand how to navigate the regulatory landscape for this new asset paradigm.
This is by design. By not writing any new rules for crypto, the SEC can disingenuously say that the existing rules – based on a 1946 Supreme Court decision about a citrus grove in Florida, issued before most homes had a telephone and 50 years before the advent of the commercial Internet – are fit for purpose. They are not…
The Biden Administration has polluted the mission and corrupted the integrity of these agencies. All of them are led by unelected bureaucrats appointed by President Biden to carry out his marching orders.”
The Gemini co-founder concludes by promoting Trump for president as they believe he is pro-crypto and pro-business.
“It’s time for the crypto army to send a message to Washington. That attacking us is political suicide. This is why I will be casting my vote for President Trump in November and I hope you will too. Onward!”
Last year the Gemini co-founders said that Democrats were likely to face backlash from voters for their aggressive anti-crypto agenda.
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