Winklevoss twins donate $1 million in Bitcoin to unseat Elizabeth Warren Winklevoss twins donate $1 million in Bitcoin to unseat Elizabeth Warren
The twins believe that Deaton would put an end to Senator Elizabeth Warren’s war on crypto.
2 min read
Updated: Jul. 19, 2024 at 10:55 am UTC
TechCrunch / CC BY 2.0 / Flickr. Remixed by CryptoSlate
Tyler and Cameron Winklevoss, founders of the Gemini exchange, each donated $500,000 worth of Bitcoin to support pro-crypto lawyer John Deaton’s effort to unseat Senator Elizabeth Warren.
On July 18, the Winklevoss brothers explained their donations to the XRP advocate, calling him an “American hero” and the “only candidate who can defeat Elizabeth Warren in the race for US Senate in Massachusetts.”
Tyler wrote:
“John Deaton is an American hero; Elizabeth Warren is not. John Deaton is a pro-Bitcoin, pro-crypto, and pro-business candidate; Elizabeth Warren is not. She is a lawmaker who can’t pass a law. She is celebrity over results. Politician over leader. Form over substance.”
Deaton is a prominent pro-XRP lawyer who has consistently criticized Warren and US financial regulators’ approach to the emerging industry. He has played vital roles in the SEC’s cases against several crypto firms, including Ripple.
Notably, Deaton enjoys strong crypto community backing. His super political action committee (PAC), the Commonwealth Unity Fund, recently received a $1 million donation from Ripple, and he has raised about $1.7 million, according to Federal Election Data.
Meanwhile, the Winklevoss twins have also supported other pro-crypto candidates. Last month, they donated $2 million in Bitcoin to Donald Trump’s presidential campaign, endorsing his efforts to counter the Biden administration’s anti-crypto policies.
Lampoons Warren
The Winklevoss twins sharply criticized Warren’s anti-crypto stance, calling her “one of the single greatest threats to American prosperity.”
According to Tyler:
“[Warren] is the chief architect and driver of the Biden Administration’s war on crypto. She wages this unlawful war by weaponizing government agencies to attack our industry through a combination of debanking, bad faith enforcement actions, and other abuses of power.”
He added that Warren’s stringent policies extend beyond the crypto industry. According to him, the Senator believes that free markets are bad and should be regulated extensively, that businesses are harmful, and that those who start and lead them are villains.
Tyler concluded:
“Crypto has the capacity to level the financial playing field and promote financial inclusion, fairness, and freedom for all. Elizabeth Warren should be embracing it. Instead, she has tried to kill it. Why? Because she can’t control it. Her lust for power and control is so great that she puts it ahead of the individual consumer that she pretends to care about and protect.”
Mentioned in this article
Bitcoin 
XRP 
Ripple 
Gemini 
Tyler Winklevoss 
Cameron Winklevoss 
Elizabeth Warren 
John Deaton 
Donald Trump 
Joe Biden Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
XRP
$2.30863
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.
Gemini
Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner.
Tyler Winklevoss, known for his pioneering role in the cryptocurrency realm, is a Harvard University alumnus with a degree in Economics and holds an MBA from Oxford University.
Cameron Winklevoss, a renowned figure in the cryptocurrency sector, is a Harvard University graduate with a degree in Economics and holds an MBA from Oxford University.
Elizabeth Warren is an American politician and former academic known for being fiercely anti-Bitcoin and anti-crypto.
John Deaton is the founder and host of CryptoLaw which was launched in 2021 to provide digital asset holders with information, news, and analysis on key U.S.
Donald John Trump was born on June 14, 1946, in Queens, New York City.
Joe Biden, byname of Joseph Robinette Biden Jr., is an American politician and the 46th and current president of the United States.