Tyler and Cameron Winklevoss, Gemini crypto exchange co-founders, donate 30.94 Bitcoins to Donald Trump’s campaign in a bid to end Biden’s leadership. They announced on their X account that we made this donation to Trump to “end the Biden administration’s war on crypto.”
Tylor Criticized on Biden’s Administration
Tyler Winklevoss said the Biden administration has demonstrated its hostility toward the crypto industry. The administration has used government agencies as weapons to target crypto companies and stifle crypto innovation.
How Is Cryptocurrency Shaping the 2024 US Elections?Also, he said the Biden administration was mean to American businesses and made them look bad. He also talked about “Operation Choke Point 2.0,” where the government tells banks not to work with companies that use cryptocurrency. Tyler believes that these measures are bad for the economy and for new ideas. Furthermore, Tyler argued that these tactics harm the American economy and innovation.
Cameron’s statement about Trump’s view on crypto,
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.
SEC’s Strategic Ambiguity
The Biden administration’s SEC has not issued a single rule to help the crypto business navigate the regulatory landscape for this new asset category. SEC completely worked under Biden’s administration to target the crypto industry, according to Tyler’s post.
Moreover, Tyler stated that,
By not writing any new rules for crypto, the SEC can disingenuously say that the existing rules — based on a 1946 Supreme Court decision about a citrus grove in Florida, issued before most homes had a telephone and 50 years before the advent of the commercial Internet — are fit for purpose.
Trump is Pro-Bitcoin
Tyler expressed that Biden has completely failed the crypto industry, but Trump has a future vision for it. Donald Trump is pro-bitcoin, pro-crypto, and pro-business choice, and it’s time to take our country back again. As part of that, Tyler announced they had donated 2 million dollars to the Trump campaign.
