Winklevoss Twins Donate $1M in Bitcoin to Anti-Elizabeth Warren Senate Candidate

Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, have each contributed $500,000 in Bitcoin (BTC) to support efforts to replace United States Senator Elizabeth Warren.

Cryptocurrency exchange Gemini’s co-founders Tyler and Cameron Winklevoss have each donated $500,000 in Bitcoin (BTC) to efforts aimed at unseating United States Senator Elizabeth Warren.

The donations, totaling $1 million, will be used to support the Senate campaign of John Deaton, a crypto advocate.

“Elizabeth Warren is one of the single greatest threats to American prosperity. When it comes to crypto, she is public enemy number one,” Tyler wrote in a July 18 Twitter thread.

“She’s the chief architect and driver of the Biden Administration’s war on crypto. She wages this unlawful war by weaponizing government agencies to attack our industry through a combination of debanking, bad faith enforcement actions, and other abuses of power.”

The Winklevoss twins described Deaton as a “pro-Bitcoin, pro-crypto, and pro-business candidate.” The donations will go to the Commonwealth Unity Fund, a newly established super PAC created to support Deaton’s campaign against Warren.

While the funds will not directly benefit Deaton’s campaign, they can be used independently for campaign advertising.

The move follows the Winklevoss twins’ $2 million Bitcoin donation to Donald Trump’s presidential campaign last month.

According to Tyler Winklevoss, Warren gained significant influence over Biden’s regulatory appointments as a result of their mutual support during the 2020 presidential campaign.

He claimed that agency heads such as SEC Chair Gary Gensler and FDIC Head Martin Gruenberg are indebted to Warren.

She was the one who — alongside William Cassidy (R-La.) — sent a letter to the Office of National Drug Control Policy and the Drug Enforcement Administration that read:

“We write to express our concern regarding the potential use of cryptocurrencies to launder illicit proceeds from the sale of fentanyl and other dangerous drugs.”

Prior to Deaton’s candidacy announcement, Warren stated she was “not afraid” of facing a pro-crypto opponent.

She has been outspoken against cryptocurrencies, claiming they pose national security risks and “help terrorists.”

Warren has also opposed stablecoin legislation, arguing it could exacerbate risks to the American banking sector.

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