Cryptocurrency and social media pioneers Tyler and Cameron Winklevoss have announced their endorsement of former President Donald Trump in the upcoming 2024 presidential election, citing dissatisfaction with the Biden Administration’s approach to the cryptocurrency industry.
The twins, who co-founded the cryptocurrency exchange Gemini, have each pledged $1 million in Bitcoin to support Trump’s campaign.
Tyler Winklevoss took to social media platform X to express his grievances against the Biden Administration, accusing it of waging a “war against crypto.” He wrote, “Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it.”
I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:
Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
The Winklevoss twins, famously known for their early investment in Bitcoin and their legal dispute with Mark Zuckerberg over the idea for Facebook, have been vocal critics of the Biden Administration’s policies towards the cryptocurrency industry.
They argue that the administration has consistently attacked American businesses and villainized its greatest heroes, suggesting that the government is only interested in success that it can control or manipulate.
I also just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November.
Here’s the TL;DR — President Trump is:
Pro-Bitcoin
Pro-Crypto
Pro-BusinessAnd he will put an end to the Biden Administration's war on crypto. Onward! https://t.co/r6iDP7BdbE
— Cameron Winklevoss (@cameron) June 20, 2024
Tyler Winklevoss further criticized the Biden Administration for its alleged abuse of power, stating, “This Administration’s actions have been nothing short of an unprecedented abuse of power wielded entirely for twisted political gain at the complete expense of innovation, the American taxpayer, and the American economy.”
He concluded his post by declaring his support for Trump, writing, “This is why I will be casting my vote for President Trump in November and I hope you will too. Onward!”
As the 2024 presidential election approaches, the role of cryptocurrency and its regulation is likely to remain a contentious issue, with the Winklevoss twins’ endorsement of Trump serving as a reminder of the industry’s growing influence in shaping the political landscape.
