web3.0Winklevoss Twins Donate $1M in Bitcoin to John Deaton\'s Campaign to Unseat Senator Elizabeth Warren
Cameron and Tyler Winklevoss, founders of the Gemini crypto exchange, have each donated $500,000 in Bitcoin to support John Deaton's political campaign against Senator Elizabeth Warren in the Massachusetts Senate race.
John Deaton, a lawyer and crypto advocate running for the Massachusetts Senate seat, has received large donations from the founders of the Gemini crypto exchange, the Winklevoss twins, and Ripple Labs. Deaton, who is also the founder of the Deaton Law Firm, is known for his opposition to Senator Elizabeth Warren's actions on cryptocurrencies.
Deaton has recently gained support from key figures in the crypto world. He is running against Warren in the upcoming Senate race. The Winklevoss twins, Cameron and Tyler, have each donated $500,000 in Bitcoin to Deaton's campaign, according to Tyler Winklevoss.
The twins have been openly critical of Warren, stating that her views on cryptocurrencies are harmful to the U.S. economy. Tyler Winklevoss said, “John Deaton is an American hero; Elizabeth Warren is not. John Deaton supports Bitcoin, crypto, and business; Elizabeth Warren does not.”
The Winklevoss brothers believe Warren has too much control over agencies like the SEC and FDIC. They say these agencies, led by Gary Gensler and Martin Gruenberg respectively, have been investigating and taking legal action against crypto companies more often because of her influence.
This big donation comes after Ripple Labs also gave $1 million to a group called the Commonwealth Unity Fund on July 15, which supports Deaton's campaign. This fund was created by James Murphy, also known as MetaLawMan, who says this election is crucial for the crypto industry's future.
The twins also recently made headlines for donating $1 million in Bitcoin to former president Donald Trump's campaign. However, it was returned due to donation limits.
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