- Gemini founders Winklevoss twins donate Bitcoin to former President Donald Trump.
- They highly criticize US President Joe Biden for orchestrating a “war on crypto.”
The founders of the crypto exchange Gemini, have contributed 30.94 BTC worth $2 million to Presidential candidate Donald Trump’s campaign. Winklevoss twins —Tyler and Cameron — are optimistic about Trump’s pro-crypto stance putting “an end to the Biden Administration’s war on crypto.”
In his X post, Tyler Winklevoss criticized President Joe Biden’s defiance of crypto over the past few years. He scrutinizes the regulators and other government agencies that are assisting him in suing and accusing the crypto industry.
Tyler Winklevoss stated:
“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.”
The support the Winklevoss twins are offering to Trump is for his Bitcoin stance, which is critical for the country’s crypto future. Moreover, he insists on the need for a political shift to preserve the crypto industry and innovate the economic environment.
The Shift in Trump’s CryptoStance
In June 2021, Donald Trump was against and criticized Bitcoin, declaring it a scam in an interview with Fox News. Previously, he said he would never allow digital currency issuance in the U.S. if elected.
Later, his stance on Bitcoin and crypto changed. He declared his goal of making the US the Bitcoin Hub by mining the remaining BTC in the nation. This contradicts Biden’s approach to crypto.
Over the past few years, U.S. President Joe Biden has shown a clear reluctance toward Bitcoin and the cryptocurrency industry through his veto of significant legislation and the broader stance of his administration. On May 31, Biden vetoed a bill that would have allowed highly regulated financial institutions to custody Bitcoin and other cryptocurrencies. Biden’s stance on crypto appears to be lightened as the elections are heading.
The crypto industry believes that Biden will push crypto far off and hold back America from such financial innovations. However, Trump assures to promote digital assets and to protect against anti-crypto figures. The promise of this ‘crypto president’ — “I will keep Elizabeth Warren and her goons away from your Bitcoin” — seemingly satisfies the pro-crypto citizens.
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