Tyler Winklevoss Supports Trump: A Vote for Pro-Bitcoin Leadership in 2024
Gemini's Co-Founder and CEO Tyler Winklevoss announced his support for Donald Trump in the 2024 US presidential elections, citing disagreements with the Biden Administration over cryptocurrency regulations.
Winklevoss argued that the Biden Administration is actively hostile to the cryptocurrency industry, which has negative effects on innovation and the economy.
Claiming that some regulatory moves hinder the growth and operations of crypto companies, Winklevoss described these steps as harmful for the industry.
Tyler Winklevoss stated that he supports Donald Trump for the 2024 elections, highlighting the Biden Administration's complaints about cryptocurrency regulations.
Criticism from Winklevoss to Biden's Crypto Policies
On June 20, 2024, Tyler Winklevoss explained why he supports Donald Trump in a detailed post on the X platform. Winklevoss, who criticized the Biden Administration harshly, accused the current administration of hostility towards the cryptocurrency industry. In particular, he noted that the government is trying to suppress and sue the crypto industry using various institutions.
“Operation Choke Point 2.0” Case
Winklevoss pointed to “Operation Choke Point 2.0,” which federal banking regulators OCC and FDIC claim are forcing banks to cut ties with crypto companies. He claimed that these institutions imposed punitive measures on banks that did not comply, and emphasized that this pressure caused Gemini and the investment firm to lose many bank accounts.
