Crypto billionaires Tyler and Cameron Winklevoss cautioned the Democratic Party that its “war on crypto” will result in its losing crucial voters.
The Winklevoss twins have expressed concern that the US President Joe Biden and the Democratic Party could lose significant support if they maintain their negative stance towards cryptocurrency. Cameron Winklevoss, co-founder of Gemini exchange with his brother Tyler, has warned that continuing an anti-crypto approach could result in the alienation of an entire generation of young voters.
Winklevoss called out SEC Chairman Gary Gensler and Senator Elizabeth Warren in his tweet.
He added:
“Crypto has already won the hearts and minds of Millennials and GenZ. They don’t debate the merits of crypto.”
Tyler Winklevoss followed up the next day with a tweet saying:
Roe cost Republicans the mid-terms. The @SenWarren and @GaryGensler war on crypto will cost Dems the 2024 election.
The Winklevoss twins have commented on the SEC's recent aggressive actions under the leadership of Gensler, which includes lawsuits against cryptocurrency exchanges Binance and Coinbase for alleged securities violations. Senator Warren has also been involved in creating an anti-crypto coalition among US politicians. The co-founder of Gemini has offered two possible reasons for the recent enforcement.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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