Winklevoss twins say ‘war on crypto’ will hurt Democrats

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Notorious crypto-billionaire Cameron Winklevoss says youth voting saved the US Democratic Party from defeat in 2020 and alienating them now will mean “lost votes” in the next election cycle.

“Senator Warren and Gary Gensler’s war on crypto will alienate an entire generation of Democratic candidates,” he tweeted.

His twin brother Tyler, with whom he co-founded crypto exchange Gemini in 2014, agreed.

deer [v. Wade] cost Republicans the midterms, Tyler tweeted Sunday. Senators Warren and Gary Gensler’s war on crypto will cost the Dems the 2024 election.

Cameron Winklevoss took to Twitter to denounce efforts by US Senator Elizabeth Warren and SEC Chief Gary Gensler to undermine the cryptocurrency industry, saying their actions could have dire consequences for the Democratic Party. .

Crypto has already captured the hearts and minds of Millennials and GenZ,” Winklevoss tweeted, adding that “they are not debating the merits of crypto; and they won’t forget the value destruction that Warren and Gensler caused.”

Cameron shared a CNN headline from 2022 that says Democrats saved face in last year’s election thanks to young people. For the crypto entrepreneur, the current regulatory environment could blow up in their face.

The Winklevoss twins are longtime Bitcoin permabulls, calling for a price of $500,000 in bitcoins. Although Cameron does not have an official party line, he has supported Republican candidates in the past.

These statements come amid aggressive actions by Warren and Gensler, two members of the Democratic party.

The former Olympic rower offers two explanations: “[The] The blue establishment doesn’t understand what’s going on with Warren and Gensler, or grossly calculate the impact of their actions on the youth vote in the next election cycle.”

Warren made headlines this year for his “Anti Crypto Army.” She also claimed that the technology helps fund the deadly fentanyl trade, broadly stating that the crypto is used by criminals.

Gensler, a staunch cryptocurrency critic, is also in the spotlight this week, after the SEC accused Coinbase and Binance of violating US securities laws.

However, not all Democrats are anti-crypto. Presidential candidate Robert Kennedy Jr. is pro-Bitcoin, appearing as a keynote speaker at the recent Bitcoin 2023 conference.

Republicans, on the other hand, seem much more open to the idea of ​​cryptocurrency.

Wyoming Senator Cynthia Lummis, dubbed the “Bitcoin Senator,” has been a Bitcoin advocate for years. Republican House Majority Whip Tom Emmer (R-MN) is considered “crypto-friendly.”

The numbers for crypto appear to be on Winklevoss’ side. According to a Coinbase report, approximately 66 million Americans (or 20% of the entire population) own digital assets.

“They may not care about crypto, but they will care about lost votes,” Cameron concluded.

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