Gemini co-founders Tyler Winklevoss and Cameron Winklevoss endorsed former US President Donald Trump and said they intend to vote for him in November because he is the “pro-Bitcoin, pro-crypto and pro-business choice.”
The Winklevoss twins’ also announced that they’ve each donated $1 million in Bitcoin to the Trump Presidential campaign. The former President has recently pledged to “end Biden’s war on crypto” during political rallies and said has no intention of stopping people from using Bitcoin and other digital assets.
The high-profile entrepreneurs, known for their early investment in Bitcoin and subsequent rise as influential figures in the crypto industry, expressed their support for Trump via social media on June 20, highlighting their dissatisfaction with President Joe Biden and his administration’s hostile policies toward the crypto industry.
The public endorsement and substantial financial contribution to Trump’s campaign mark a significant moment in the ongoing debate over crypto regulation in the US. Their support highlights the deep divisions within the US political landscape regarding the best path forward for digital assets and regulatory oversight.
Others in the industry, including Coinbase CEO Brian Armstrong, have expressed similar sentiments and called on the crypto community to vote out politicians supporting anti-crypto policies.
Allegations of Government Overreach
In a series of tweets, Tyler Winklevoss criticized the Biden Administration for what he described as a deliberate campaign against the crypto industry. He accused the administration of using federal agencies to stifle innovation and harass crypto companies.
According to Winklevoss:
“The Biden Administration has openly declared war against crypto. This Administration’s actions have been nothing short of an unprecedented abuse of power wielded entirely for twisted political gain.”
Tyler pointed to actions by the Office of the Comptroller of the Currency (OCC) and the…
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