Fun

Winklevoss twins pledge $2M for Trump, claiming Biden waged war on crypto

News Feed - 2024-06-21 05:06:06

Turner Wright3 hours agoWinklevoss twins pledge $2M for Trump, claiming Biden waged war on cryptoTyler Winklevoss claimed that anyone who disagreed that Donald Trump was the pro-crypto choice for U.S. President was “delusional.”848 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksGemini co-founders Cameron and Tyler Winklevoss have each pledged $1 million in Bitcoin (BTC) toward the reelection of former U.S. President Donald Trump.


In June 20 X posts, the Winklevoss twins said they planned to vote for the prospective Republican Party candidate for U.S. President on Nov. 5, saying they would each send 15.47 BTC — roughly $1 million at the time of publication — to his campaign. Both brothers claimed that Trump was “pro-Bitcoin” and “pro-crypto,” and President Joe Biden had “openly declared war against crypto” while in office.


“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” claimed Tyler. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth [...] It’s time for the crypto army to send a message to Washington. That attacking us is political suicide.”Source: Tyler Winklevoss


Tyler specifically cited the U.S. Securities and Exchange Commission’s enforcement actions against crypto firms under the Biden administration and the “weaponization of the banking system against crypto companies” — a reference to Operation Choke Point 2.0. The twins did not mention the regulator’s activity under Trump from 2017 to 2021.


The Winklevoss brothers reportedly attended a June fundraiser for Trump, costing up to $300,000 per person. They have also donated roughly $5 million to the Fairshake political action committee and its affiliates, which has been responsible for attack ads against lawmakers and backing certain Democratic and Republican candidates for office.


Related:Trump promises to become the ‘crypto president’ — Law Decoded


The twins’ announcement did not mention Trump’s conviction on 34 felony counts in May, which could interfere with the former president’s attempt to run again. Though he leads the polls as the prospective Republican presidential candidate, Trump will face a sentencing hearing in New York on July 11 — less than a week before he is expected to secure the official party nomination.


In the last two months amid his legal troubles, Trump has hosted a dinner for people who purchased a non-fungible token of his mugshot in a criminal case in Georgia, said his campaign will accept donations in crypto and met with executives from major mining firms — the last of which resulted in Trump announcing his intention to have all BTC mined in the United States. President Biden has also reportedly been considering having his reelection campaign accept cryptocurrency.


Many on X seemed supportive of the Winklevoss’ endorsement. However, some questioned Trump’s intentions on crypto and whether he was looking to learn from the example of Robert F. Kennedy Jr, a crypto-friendly candidate running as an Independent in 2024. Trump also called Bitcoin a scam in 2021 after he had left office.


Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Politics# United States# Winklevoss Twins# Voting# Elections# Donald Trump# Regulation# Joe BidenAdd reaction

News Feed

Bitcoin demand in Argentina reaches highest point in nearly two years
Ciaran Lyons3 hours agoBitcoin demand in Argentina reaches highest point in nearly two yearsBitcoin remains in demand among Argentines as the ARS has lost fourfold value against the US dollar in the last year, dropping f
Delivery App Rappi Launches Pilot Project to Accept Crypto Payments in Mexico
Delivery App Rappi Launches Pilot Project to Accept Crypto Payments in Mexico Rappi, one of the biggest delivery companies in Latam, has launched a pilot project with the objective
Country-wide Bitcoin adoption a mixed bag for national economies
Stephen Katte10 hours agoCountry-wide Bitcoin adoption a mixed bag for national economiesCountry-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles migh
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
South African Start-Up Aims To Shield Merchants From Crypto Price Swings While opponents of cryptocurrencies continue to peddle the environmental damage or the t
Bitcoin Will Break Out This Year, Says Devere CEO
Bitcoin Will Break Out This Year, Says Devere CEOThe CEO of financial advisory firm Devere Group believes that 2020 will be a breakout year for bitcoin, fueled by the U.S. president
Mars4 Explodes on MISO Launchpad
Mars4 Explodes on MISO Launchpad sponsored Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property with MARS4 dollars
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. i
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders According to a report by South Korean news publication KBS, Do Kwon, the
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands Binance, the leading cryptocurrency exchange by trading volumes, ann
Canadian Police Launch Cryptocurrency Investigations Center
Canadian Police Launch Cryptocurrency Investigations Center The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership wi
Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin
Rich Dad Poor Dad"s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin The famous author of the best-selling book Rich Dad Poor Dad, Robert
Curve mulls dropping TUSD as crvUSD backing after SEC charges
Alex O’Donnell5 hours agoCurve mulls dropping TUSD as crvUSD backing after SEC chargesThe regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve"s stablecoin.151