Key Points:
Tyler and Cameron Winklevoss contributed $1 million in Bitcoin to John Deaton's Senate campaign against crypto critic Elizabeth Warren.
John Deaton, a crypto advocate, received significant endorsements, including $1 million from Ripple Labs, to support his campaign.
The Winklevoss twins and other investors donated $8.75 million to a super PAC supporting Donald Trump's presidential campaign.
Gemini co-founders Tyler and Cameron Winklevoss have each contributed $500,000 worth of Bitcoin to John Deaton’s political campaign to unseat Senator Elizabeth Warren.
Read more: Donald Trump Presidential Campaign Now Receiving Support From Technology Investors
Tyler and Cameron Winklevoss Contribute $1M in Bitcoin to Deaton's Senate Campaign
In total, they have donated $1 million in Bitcoin to support Deaton, a prominent advocate of cryptocurrencies and a lawyer representing the crypto industry.
Deaton is running for U.S. Senate from Massachusetts, aiming to replace Senator Warren, who has been a vocal critic of the cryptocurrency sector. Tyler Winklevoss described Warren as crypto's "public enemy number one," accusing her of leading the Biden Administration's anti-crypto stance.
The Winklevoss twins' substantial contribution highlights their commitment to promoting a crypto-friendly candidate who they believe will advance the interests of the cryptocurrency industry. In addition to their donations to Deaton, they have also supported other pro-crypto initiatives and candidates, including contributions to the pro-crypto PAC Fairshake.
Crypto Community Donations Are Supporting Potential Candidates
Deaton has garnered endorsements from various personalities and organizations within the crypto community. He has been actively fighting against what he views as unfair actions by Senator Warren and her supporters. Ripple Labs has also shown its support by donating $1 million to a new super political action committee aimed at aiding Deaton in his campaign.
According to reports, an elite group of venture capitalists, business moguls, and tech executives, including the Tyler and Cameron Winklevoss, have contributed a combined $8.75 million to a new super PAC supporting Donald Trump’s presidential campaign.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
