Tyler Winklevoss Donates $500K to John Deaton\'s Senate Campaign, Calls Elizabeth Warren \'Chief Architect\' of Biden Admin\'s War on Crypto

Tyler Winklevoss, co-founder of Gemini and Winklevoss Capital, announced a $500,000 donation to attorney John Deaton's Senate campaign on July 18.

Crypto investor and entrepreneur Tyler Winklevoss announced a $500,000 donation to attorney John Deaton's Senate campaign on July 18.

In a lengthy social media thread, Winklevoss made his case against incumbent Elizabeth Warren, characterizing her as the "chief architect" behind the Biden administration's war on the crypto industry.

According to Winklevoss, Biden granted Warren, a senior member of the Democrat Party, veto power over his regulatory nominees in exchange for her endorsement of his 2020 presidential campaign.

This, Winklevoss claims, gave Warren the power to shape regulatory agencies and pull the strings behind the scenes, turning the heads of these agencies into her puppets and leading to initiatives like the Federal Deposit Insurance Corporation's (FDIC) Operation Chokepoint 2.0.

"Crypto has the capacity to level the financial playing field and promote financial inclusion, fairness, and freedom for all," wrote Winklevoss before turning his attention back to Warren.

Senator Lummis endorses another GOP candidate

Related: Winklevos twins refunded for exceeding Bitcoin donation limit to Trump

In other crypto-related political news, Wyoming Senator Cynthia Lummis, a longtime ally of the crypto industry, recently endorsed Ian Cain as Senator for Massachusetts, citing his understanding of both blockchain and current political issues.

Cain is a co-founder of Qubic Labs, a firm that invests in tech entrepreneurs and start-ups focused on finance and government applications. According to Qubic Labs' Linkedin page, the firm is particularly interested in leveraging blockchain and other emerging technologies.

Ripple Labs sends $1 million donation to Deaton's campaign

In May 2024, Ripple Labs donated $1 million to Deaton's Senate campaign. The Senate candidate has a long history with Ripple Labs and made a name for himself in the crypto industry representing thousands of XRP token holders in the ongoing lawsuit brought by the Securities and Exchange Commission against Ripple Labs in 2020.

XRP

$0.56

Magazine: Pro-XRP lawyer John Deaton ‘10x more into BTC, 4x more into ETH’: Hall of Flame

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