Tyler Winklevoss Endorses Pro-Crypto Lawyer John Deaton for the Senate in Massachusetts
- WBOYOriginal
- 2024-09-12 12:45:12549browse
The Winklevoss brothers – the well-known cryptocurrency advocates – have been highly critical of Elizabeth Warren's position on digital assets.
Gemini founder Tyler Winklevoss has endorsed pro-crypto lawyer John Deaton for the Massachusetts Senate. The Winklevoss brothers, both prominent cryptocurrency advocates, have been critical of Elizabeth Warren’s stance on digital assets.
Tyler’s latest endorsement comes after Deaton won the Massachusetts Republican primary, securing 64.9% of the total vote.
Tyler went on to say that Warren is waging an “unlawful war” on the crypto industry, which is harming the 50 million Americans who use the technology. He said that Warren’s anti-crypto stance is stifling American innovation and harming the economy.
For example, Tyler argues that while Warren claims her policies aim to protect consumers in the industry, the reality is that her actions are politically motivated.
Winklevoss Twins Donate $1M to Deaton Campaign
The Winklevoss brothers have also been financially supporting Deaton’s Senate campaign, donating $1 million this year. They continue to maintain that Deaton supports cryptocurrencies as a fair and innovative technology, in contrast to what they describe as Warren’s destructive approach. Tyler also highlighted Deaton’s hard work and honesty, which he said Warren lacks.
Tyler and his brother also addressed claims made by the Warren campaign that they are placing fake ads against her. The brothers refuted such allegations, asserting that they are attempting to protect the cryptocurrency industry from overregulation. They view Warren as a significant threat to free markets and innovation, particularly in the crypto space.
John Deaton’s Senate Campaign Gains Crypto Support
John Deaton’s campaign has been gaining momentum, especially with cryptocurrency supporters, as the lawyer advocates for better regulation of virtual assets. Notably, Charles Hoskinson, the founder of Cardano, and Ripple Labs have also contributed to Deaton’s Senate bid. Such contributions highlight the strong support for Deaton within the crypto community.
Tyler also alleged that Warren is using federal agencies, such as the SEC, to disrupt the digital asset market. He stated that actions like contacting SEC Chair Gary Gensler have made it very difficult for genuine industry participants. Tyler further noted that this hostility extends beyond crypto, targeting economic actors in the United States more broadly.
The upcoming Massachusetts Senate race is shaping up to be a major clash over crypto regulation, with Deaton advocating for cryptos and Warren being critical of them. The Winklevoss brothers’ financial and vocal support for Deaton showcases the cryptocurrency sector’s growing political influence.
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