Winklevoss Twins Throw Bitcoin at Warren’s Seat
The Winklevoss twins, known for their involvement in cryptocurrency, are backing John Deaton’s campaign to unseat Senator Elizabeth Warren. The twins have donated $1 million worth of Bitcoin to Deaton’s campaign, citing Warren’s stance on crypto as harmful to the industry.
The Twins’ Grievances
The Winklevoss twins have been vocal critics of Warren’s regulatory approach to crypto, accusing her of using government power to persecute the industry through actions like debanking and enforcement. They point to the actions of Gary Gensler, head of the SEC, and Martin Gruenberg, head of the FDIC, as examples of Warren’s influence.
The twins believe that Warren’s appointees are responsible for the SEC’s investigations and legal actions against crypto firms, as well as the FDIC’s Operation Choke Point 2.0, which pressures banks to avoid working with legal crypto businesses.
Ripple’s Support for Deaton
Ripple Labs has also contributed to Deaton’s campaign, donating $1 million to the Commonwealth Unity Fund, a super PAC created by pro-crypto attorney James Murphy. Murphy has called the election critical to the future of the crypto industry, encouraging XRP holders to support Deaton.
Deaton’s Campaign
John Deaton is a lawyer who has represented the crypto industry in several cases and has been critical of Warren’s actions. He has received endorsements from various individuals and organizations in the crypto space.
Deaton’s campaign focuses on promoting a crypto-friendly vision and aims to challenge Warren’s influence on cryptocurrency regulation.
This election is being closely watched by the crypto community, as the outcome could have significant implications for the future of the industry.
