Billionaire Cameron Winklevoss warns that an election victory for Kamala Harris could be very expensive for the crypto industry.
According to Winklevoss, Biden’s Democratic presidential administration has conservatively cost the digital asset space at least half a billion dollars in legal fees.
“The Harris-Biden administration has cost the crypto industry $500 million in legal fees. Vote for Trump and this goes to $0. Vote for Harris and this will amount to billions of dollars. Choose wisely.”
Some of the Biden/Harris administration’s biggest legal challenges against the industry include those against Coinbase, Uniswap Labs, Crypto.com, Binance and Binance.US, Mango Markets, and Consensys.
At the time of writing, crypto gambling platform Polymarket currently gives Donald Trump a 60.9% chance of winning the US election, in contrast to many national polls, which Winklevoss says are likely more susceptible to manipulation than the betting sites.
In June, Winklevoss and his brother Tyler sent $1 million in Bitcoin donations to Donald Trump, and then in July they sent another $500,000 in BTC to John Deaton, a lawyer and pro-crypto Senate candidate who wants to unseat Elizabeth Warren. Massachusetts.
Tyler Winklevoss said the Biden-Harris administration has unleashed “four years of terror” on the crypto industry, which he hoped would be reversed by Election Day.
“I would love to get back into construction full time and I know you all would too. To do this, we as an industry must demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is the best home in the world for crypto.
The Biden-Harris administration has four years of terror to settle down and just 101 days before November to do so. The ball is in their court.”
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Featured image: Midjourney