Cryptocurrency exchange Gemini founders Cameron and Tyler Winklevoss announced on Thursday that they have donated $2 million in Bitcoin to former President Donald Trump’s re-election campaign, citing the Biden administration’s “war on crypto.”
Tyler Winklevoss wrote that he and his brother now support Trump, noting that President Joe Biden’s administration has been openly hostile to the burgeoning financial technology industry.
Over the past few years, The Biden administration has openly declared war on cryptocurrencies. They are weaponizing multiple government agencies to intimidate, harass, and sue good actors in our industry, and attempt to destroy our industry. The current Administration’s actions are nothing less than an unprecedented abuse of power exercised for distorted political gain, at the total expense of innovation, the American taxpayer, and the American economy. There is nothing the Biden Administration can do or say at this point to pretend otherwise.
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Weaponizing the banking system against cryptocurrency companies and their managersColloquially known as “Operation Chokepoint 2.0,” the operation began with the OCC (the federal agency that charters and regulates national banks) and the FDIC (the federal agency that provides deposit insurance to banks) issuing “guidance” instructing banks not to do business with cryptocurrency companies behind closed doors, with threats being issued against banks that do not comply. [Emphasis added]
X’s post also included photos of the Winklevoss twins and Trump.
I donated $1 million in Bitcoin (15.47 BTC) Donald Trump And I’m going to vote for him in November, and here’s why.
Over the past few years, the Biden administration has openly declared war on cryptocurrencies, weaponizing multiple government agencies to intimidate, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
However, Winklesboss pointed out that the Biden administration is not just targeting the cryptocurrency industry: “The Biden administration has consistently launched a full-scale attack on American business and demonized its greatest heroes. Crime is always success, and the reward is always ridicule, fines, and more red tape,” he said.
He continued:
President Donald J. Trump is pro-Bitcoin, pro-cryptocurrency, and pro-business. This is not even up for debate. Anyone who claims otherwise is either grossly mistaken, delusional, or not telling the truth. It is time to take back our country. It is time for the cryptocurrency forces to send a message to Washington: attacking us is political suicide. This is why I will be voting for President Trump in November, and I hope you will too. Forward!
I donated $1 million in Bitcoin (15.47 BTC) Donald Trump And I’m going to vote for him in November, and here’s why.
Over the past few years, the Biden administration has openly declared war on cryptocurrencies, weaponizing multiple government agencies to intimidate, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
“In summary, President Trump is pro-Bitcoin, pro-crypto, and pro-business,” Cameron Winklevoss wrote.
I have also donated $1 million in Bitcoin (15.47 BTC). Donald Trump And I plan to vote for him in November.
In summary, President Trump is:
Bitcoin Proponents
Procrypt
Pro-businessAnd he will put an end to the Biden Administration’s war on cryptocurrencies. Progress! https://t.co/r6iDP7BdbE
— Cameron Winklevoss (@cameron) June 20, 2024
President Trump has promised to become a “cryptocurrency president” if he is re-elected in November.
While President Joe Biden and Securities and Exchange Commission (SEC) Chairman Gary Gensler have pursued a staunchly anti-cryptocurrency agenda, Silicon Valley and the cryptocurrency industry have warmed to the 45th president.
The Winklevoss twins attended a fundraising event with other Silicon Valley entrepreneurs in early June.
In mid-June, Trump wrote, “Vote for Trump! Bitcoin mining may be the last line of defense against CBDC. Biden’s hatred of Bitcoin only benefits China, Russia and the Radical Communist Left. I want all remaining Bitcoin to be American Made!!! That way we will have energy dominance!!!”
He wrote in a post on Truth Social: share In an op-ed for Bitcoin Magazine, former Trump administration official Brian Morgenstern argued that “Trump is the best choice for Bitcoin.”
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter. Sean Moran 3.
