Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange, donated 30.94 bitcoin, valued at more than $2 million, to former President Donald Trump's campaign. Both x.com/cameron/status/1803876953860247831″>Cameron and x.com/BitcoinMagazine/status/1803881095429005718″>tyler Winklevoss announced on their Biden Administration's stance on cryptocurrency regulation.
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ONLY IN: The Winklevoss twins donated 30.94 twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin worth more than 2 million dollars to Donald Trump "ending the Biden administration's war on cryptocurrencies." pic.twitter.com/cHD2ENnqZM
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1803881095429005718?ref_src=twsrc%5Etfw”>June 20, 2024
Tyler Winklevoss criticized the Biden Administration for its hostile approach toward the cryptocurrency industry, accusing it of weaponizing government agencies to stifle innovation and attack cryptocurrency companies. “The Biden administration has consistently attacked American businesses across the board and villainized its greatest heroes,” he said. He then further highlighted the administration's actions, including “Operation Choke Point 2.0,” where federal agencies allegedly pressured banks to shun cryptocurrency deals. Tyler argued that these tactics are detrimental to the American economy and innovation.
“I also just donated $1 million in bitcoin (15.47 btc) to Donald Trump and will be voting for him in November. Here's the TL;DR: President Trump is:
– Pro-bitcoin
– Pro-crypto
– Pro-business,” Cameron said.
Tyler also lashed out at the Securities and Exchange Commission (SEC) for failing to establish clear regulations for cryptocurrencies, choosing instead to enforce outdated laws. He maintained that the SEC's approach hinders the utility and growth of digital assets.
The Winklevoss twins believe that Trump's pro-bitcoin and pro-business stance is crucial to the future of the cryptocurrency industry in the country. Tyler emphasized the need for policy change to prevent further damage to the industry and restore an environment conducive to innovation and economic growth.
“President Donald J. Trump is the pro-bitcoin, pro-crypto and pro-business option. This is not even remotely open to debate. Anyone who tells you otherwise is very misinformed, delusional or not telling the truth” Tyler concluded. “It's time to take back our country. It's time for the crypto army to send a message to Washington. That attacking us is political suicide. That's why I'll be voting for President Trump in November and I hope you will too. Go ahead!” “
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