Gemini crypto exchange co-founders Tyler and Cameron Winklevoss continue their donations to Republican candidates.
In a new thread on the social media platform
According to Tyler, Senator Warren poses the biggest threat to the digital asset industry as she has weaponized the government against crypto.
“At her direction, the U.S. Securities and Exchange Commission (SEC) has conducted non-stop investigations and numerous bad faith enforcement actions against good players in the crypto industry.
At the same time, the Federal Deposit Insurance Corporation initiated Operation Choke Point 2.0 – an ongoing coordinated effort to pressure banks not to bank legal crypto companies. Elizabeth Warren is the mastermind behind these unlawful initiatives and these are her lieutenants and foot soldiers doing her bidding.”
Tyler then accuses Warren of being power hungry instead of passing thoughtful regulations that would protect consumers and promote innovation.
“Regulation that promotes both consumer protection and innovation creates the healthiest and most vibrant markets. That’s why I, along with many others, have been advocating thoughtful regulation for the crypto industry for over a decade.
But this is not what we are talking about here. Elizabeth Warren does not believe in well-thought-out regulations. She believes in power and control.”
In June, the billionaire twins sent $1 million in Bitcoin donations to Donald Trump, the Republican candidate for the 2024 presidential election.
At the time, they said they were donating to Trump because of his pro-crypto stances and because they believed the Biden administration was trying to undermine digital assets.
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Generated image: Midjourney