Winklevoss brothers donated $500K each in further support of John Deaton’s campaign.
Several crypto stakeholders are contributing to Deaton’s senate campaign.
The crypto community plans to unseat Elizabeth Warren from the U.S. Senate.
Crypto lawyer John Deaton’s campaign to unseat Senator Elizabeth Warren just got a major boost from the Winklevoss twins. Cameron and Tyler, the billionaire Bitcoin backers, each chipped in another 8 Bitcoins (worth half a million dollars) to Deaton’s growing war chest, signaling the crypto industry’s escalating fight against Warren’s regulatory crackdown.
I also just donated $500k in bitcoin (8 BTC) to @DeatonforSenate to help him unseat @SenWarren as a U.S. Senator.Here’s the TL;DR — John Deaton is:Pro-BitcoinPro-CryptoPro-BusinessAnd he will put an end to Elizabeth Warren’s war on crypto. Onward! https://t.co/JgOF6eBTkc
— Cameron Winklevoss (@cameron) July 18, 2024
Ripple executives Chris Larsen and Brad Garlinghouse, SkyBridge Capital founder Anthony Scaramucci, Cardano and Ethereum co-founder Charles Hoskinson, and Kraken co-founder Jesse Powell were among the top crypto personalities who have contributed to Deaton’s campaign. As of April, their contributions surpassed Warren’s campaign funds after they raised $1.36 million against the current senator’s $1.09 million.
Commenting on his support for Deaton, Cameron noted that the crypto lawyer is pro-bitcoin, pro-crypto, and pro-business. According to Cameron, Deaton will end Warren’s “War on Crypto.” Meanwhile, Tyler followed his donation announcement with an elaborate post explaining why he prefers Deaton to Warren. The Gemini co-founder described Warren as “one of the greatest threats to American prosperity.” According to Tyler, Warren is the number one public enemy in crypto.
In further explanation, Tyler alleged that the Senator from Massachusetts is the chief architect and driver of the Biden Administration’s war on crypto. He accused the senator of waging an unlawful war by weaponizing government agencies to attack the crypto industry through a combination of debanking, bad faith enforcement actions, and other abuses of power.
Tyler believes Warren’s powerful influence on the Biden Administration started in 2020 when the then-presidential candidate sought her support for his presidential bid. According to Tyler, President Biden gave her veto rights on all his regulatory agency picks in return for her support.
He believes the power trade resulted in President Biden ceding control of America’s economic policy to Elizabeth Warren and handing over all his agency appointments to her. Hence, the agencies and their chairs do her bidding.
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