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Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini<\/a>, have each contributed $500,000 in Bitcoin (BTC)<\/a> to support efforts to replace United States<\/a> Senator Elizabeth Warren.<\/p>\n The donations, totaling $1 million, were made to John Deaton, a crypto advocate running for Senate. Tyler wrote in a July 18 Twitter thread<\/a>:<\/p>\n Elizabeth Warren is one of the single greatest threats to American prosperity. When it comes to crypto, she is public enemy number one. She\u2019s the chief architect and driver of the Biden Administration\u2019s war on crypto. She wages this unlawful war by weaponizing government agencies to attack our industry through a combination of debanking, bad faith enforcement actions, and other abuses of power.<\/p>\n<\/blockquote>\n The Winklevoss twins described Deaton as a \u201cpro-Bitcoin, pro-crypto, and pro-business candidate.\u201d The donations will go to the Commonwealth Unity Fund, a new super PAC created to support Deaton\u2019s campaign against Warren. While not directly benefiting Deaton\u2019s campaign, the funds will be used independently for campaign advertising.<\/p>\n This move follows the Winklevoss twins\u2019 $2 million Bitcoin donation to Donald Trump\u2019s presidential campaign<\/a> last month. Tyler Winklevoss claimed that Warren gained significant influence over Biden\u2019s regulatory appointments due to their mutual support during the 2020 presidential campaign.<\/p>\n He asserted that agency heads, including SEC Chair Gary Gensler and FDIC Head Martin Gruenberg, are beholden to Warren. She was the one who \u2014 alongside William Cassidy (R-La.) sent a letter <\/a>to the Office of National Drug Control Policy and the Drug Enforcement Administration that read:<\/p>\n [We] seek an update on the Biden Administration\u2019s actions to crack down on drug traffickers\u2019 exploitation of crypto to grow their business and launder their ill-gotten gains.<\/p><\/blockquote>\n Prior to Deaton\u2019s candidacy announcement, Warren stated she was \u201cnot afraid\u201d of facing a pro-crypto opponent. She has been outspoken against cryptocurrencies, claiming they pose national security risks and \u201chelp terrorists.\u201d Warren has also opposed stablecoin legislation, arguing it could exacerbate risks to the American banking sector.<\/p>\n<\/p><\/div>\n\n
Not the first Winklevoss\u2019 political move<\/h2>\n