Tyler and Cameron Winklevoss, co-founders of cryptocurrency change Gemini, have donated 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump’s marketing campaign. Each Cameron and Tyler Winklevoss introduced on their X accounts that they contributed 15.47 BTC ($1 million) every to Trump to “put an finish to the Biden Administration’s struggle on crypto,” Cameron said, stemming from the twins’ discontent with the Biden Administration’s stance on cryptocurrency regulation.
JUST IN: Winklevoss twins donated 30.94 #Bitcoin value over $2 million to Donald Trump to "put an finish to the Biden Admin's struggle on crypto." 🇺🇸 pic.twitter.com/cHD2ENnqZM
— Bitcoin Journal (@BitcoinMagazine) June 20, 2024
Tyler Winklevoss criticized the Biden Administration for its hostile method in the direction of the crypto trade, accusing it of weaponizing authorities companies to stifle innovation and goal crypto corporations. “The Biden Administration has persistently attacked American enterprise throughout the board and villainized its best heroes,” he said. He then additional highlighted the administration’s actions, together with “Operation Choke Level 2.0,” the place federal companies allegedly pressured banks to keep away from crypto companies. Tyler argued that these techniques are detrimental to the American financial system and innovation.
“I additionally simply donated $1 million in bitcoin (15.47 BTC) to Donald Trump and can be voting for him in November. Right here’s the TL;DR — President Trump is:Â
– Professional-BitcoinÂ
– Professional-CryptoÂ
– Professional-Enterprise,” Cameron said.
Tyler additionally lambasted the Securities and Alternate Fee (SEC) for not establishing clear laws for cryptocurrencies, as an alternative opting to use outdated legal guidelines. He contended that the SEC’s method hampers the utility and development of digital belongings.
The Winklevoss twins consider that Trump’s pro-Bitcoin and pro-business stance is essential for the way forward for the crypto trade within the nation. Tyler emphasised the necessity for a political shift to forestall additional hurt to the trade and to revive an setting conducive to innovation and financial development.
“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business selection. This isn’t even remotely open for debate. Anybody who tells you in any other case is severely misinformed, delusional, or not telling the reality,” Tyler concluded. “It’s time to take our nation again. It’s time for the crypto military to ship a message to Washington. That attacking us is political suicide. That is why I can be casting my vote for President Trump in November and I hope you’ll too. Onward!”
