Tyler Winklevoss Donates $500,000 to Senator Warren’s Rival

Jimmy Aki
Last Updated:

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

On July 18, co-founder of Gemini and Winklevoss Capital, Tyler Winklevoss, donated $500,000 to attorney John Deaton, a pro-crypto politician running for Senate in Massachusetts against incumbent Senator Elizabeth Warren.

Tyler Winklevoss Accuses Elizabeth Warren of Trying to Stifle the Crypto Industry

Tyler Winklevoss disclosed his donation in an X post as he criticized Elizabeth Warren for her stance on cryptocurrency in the United States.

He accused Senator Warren of lobbying her way to gain control of regulatory agencies such as the Federal Deposit Insurance Corporation (FDIC) to stifle the growth of the cryptocurrency industry.

Tyler Winklevoss called her out for being an anti-crypto politician. He said, “Elizabeth Warren is one of the single greatest threats to American prosperity. When it comes to crypto, she is public enemy number one.”

He further expressed his displeasure against Senator Warren, claiming she is the force behind the Joe Biden Administration’s war on cryptocurrency in the United States of America. He blasted her for “abuse of power.”

Tyler Winklevoss is not alone in the fight against Elizabeth Warren. His twin brother, Cameron Winklevoss, donated a similar sum ($500,000) to John Deaton’s senatorial campaign. The brothers aim to put an end to Senator Warren’s anti-crypto campaign and her 12-year tenure as a senator for the state of Massachusetts.

The recent donations will go to the Commonwealth Unity Fund, a new political action committee set up to replace Warren with Deaton.

The donations from the twin brothers came two days after crypto company Ripple donated 1 million dollars to the Commonwealth Unity Fund in support of Deaton.

Meanwhile, Wyoming Senator Cynthia Lummis has decided to go for a different candidate for the Massachusetts senatorial seat as she has endorsed Ian Cain.

Senator Lummis believes that Cain (co-founder of Qubic Labs) has a solid understanding of blockchain and political issues, making him a much better candidate.

The Winklevoss Twins Endorsed Donald Trump for President

Currently, there’s a clash between anti-crypto and pro-crypto politicians. The latter aims to shape policies and laws that could impact the political and financial landscape of the United States. This has resulted in the Winklevoss twins showing support for pro-crypto candidates in the country.

Last month, they publicly endorsed Donald Trump, the Republican candidate for president, and donated $1 million in Bitcoin each to his campaign. This came after the Donald Trump Campaign began to receive crypto donations.

The Winklevoss twins believe that Trump could defeat Biden and support their interests in the crypto industry.

Notably, Trump has recently been vocal in his support for the crypto industry in the United States, which has led to many prominent figures in the crypto community backing his ambition back to the White House in the November presidential election.

In May, Trump urged the United States to strive for crypto industry supremacy as he positions himself as a pro-crypto candidate.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.