- The Winklevoss twins donated $1 million worth of Bitcoin to John Deaton and criticized Elizabeth Warren’s stance on crypto.
- Polymarket data showed Trump leading with 64%, while Biden fell to fourth with 5%.
In a recent turn of events, Gemini founders Cameron Winklevoss and Tyler Winklevoss, also known as the Winklevoss twins, have each donated $500,000 in Bitcoin. [BTC] to John Deaton’s campaign, a total of 16 BTC or $1 million.
The Winklevos twins take action against Warren
This substantial contribution was intended to support Deaton’s political campaign and challenges against U.S. Senator Elizabeth Warren.
Referring to the reasons for this, Tyler Winklevoss took to X (formerly Twitter) and commented:
“Elizabeth Warren is one of the greatest threats to American prosperity. When it comes to crypto, she is public enemy number one.”
Winklevoss criticized Biden’s approach to crypto, adding:
“She is [Elizabeth Warren] the chief architect and driving force behind the Biden administration’s war on crypto.”
Second donation to support crypto candidates
This recent donation follows the Winklevoss twins’ previous contribution of $2 million in BTC to former President Donald Trump’s campaign.
In addition, their continued financial support underlines their commitment to supporting candidates who advocate for a more crypto-friendly regulatory landscape.
Later in his tweet, the Gemini founder argued that Warren’s influence extends far beyond mere policymaking, and extends deep into the operational decisions of regulators that impact the cryptocurrency sector.
Why Deaton and not Warren?
He further accused Warren of using government agencies to hinder the crypto industry, using tactics such as.
“Debanking, Bad Faith Enforcement Actions, and Other Abuses of Power.”
Winkelvoss made a comparison between the two, noting:
Source: Tyler Winklevoss/X
He said it best when he said:
“John Deaton is an American hero; Not Elizabeth Warren. John Deaton is a pro-Bitcoin, pro-crypto and pro-business candidate; Not Elizabeth Warren.”
Echoing similar sentiments, crypto influencer Wendy O said:
Source: Wendy O/X
Role of crypto in the upcoming elections
This underscored the important role of cryptocurrency in the upcoming US presidential elections and revealed that Biden’s position on crypto is not a top priority for many crypto voters.
This was further confirmed by AMBCrypto’s analysis of Polymarkt prediction data, in which Trump was in the lead with 64% of the vote, followed by Kamala Harris with 22%.
While on the other hand, Biden had fallen to fourth place with only 5% of the total votes.
Source: Polymarkt