Crypto Politics: Winklevoss Twins and Gemini Exchange Spearheading Pro-Crypto Campaign Donations
Summary:
Gemini Exchange recently launched a project supporting campaign donations for pro-crypto candidates in the U.S. This follows the Winklevoss twins' $2 million donation to former President Trump's re-election campaign. Other crypto industry movements include Coinbase's "Stand with Crypto" PAC collecting one million signatures, the formation of "The Bitcoin Voter Project", and Fairshake accumulating $169 million in donations. This political momentum within the crypto industry appears set for a significant impact on the 2024 elections.
Gemini Exchange has recently unveiled a project aimed at simplifying campaign donations for pro-cryptocurrency candidates in the U.S., as the Presidential election in November approaches. This follows a $2 million contribution to the re-election bid of former President Trump made by Cameron and Tyler Winklevoss on June 20, 2024. Gemini publicized the political donation initiative via their social media platforms.
Moments before Gemini's revelation, Tyler Winklevoss voiced critical sentiments about Joe Biden and his administration's perceived antipathy towards the cryptocurrency domain, stating, "achievement is perpetually criminalized, and the penalty is invariably derision, penalties, and increased bureaucracy." He expounded on this view by pointing out that the Biden Government seemingly despises triumph that it cannot regulate. Once it can seize or manipulate it, Biden's staff appear to revel in such achievements, utilizing it for voter appeal in a clear manner.
The Winklevoss co-founder forecasted that prolonged implementation of these policies could result in the disintegration of our nation and its economy. His critique parallels their prior financial support for Trump claiming Biden's administration declared war on crypto.
2024 seems poised to be an year of politicking around crypto. The Winklevoss twins' moves and the announcement from Gemini reflect the increasing political momentum within the cryptocurrency industry. Coinbase's "Stand with Crypto" PAC announced a crucial milestone in June, having received one million signatures from crypto-friendly voters. After meeting with ex-President Trump, senior figures from the likes of CleanSpark, Marathon Digital, and Riot Platforms founded "The Bitcoin Voter Project", a non-profit focused on voter education without endorsing any candidates thus far. The objective is purely to spread information about Bitcoin to Americans.
Lastly, crypto super PAC, Fairshake, reportedly amassed $169 million in donations and is known to initiate political campaigns against crypto-antagonistic politicians and aspiring candidates.
Published At
6/21/2024 1:30:00 AM
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