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Home CRYPTO

Winklevoss Twins donate $1,000,000 worth of Bitcoin to a Elizabeth Warren Competitor

Michael Juanico by Michael Juanico
July 18, 2024
in CRYPTO
Reading Time: 3 mins read
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  • The Winklevoss twins, Tyler and Cameron, each donated $500,000 in bitcoin to the campaign of John Deaton, a Republican candidate running against Senator Elizabeth Warren for the U.S. Senate seat in Massachusetts.
  • Tyler Winklevoss called Warren “crypto’s public enemy number one” and accused her of driving the Biden Administration’s “war on crypto.”
  • Earlier, Ripple Labs donated $1 million to a super PAC supporting Deaton’s campaign against Warren.

The billionaire Winklevoss twins have donated $1 million worth of bitcoin to John Deaton, who is running against Senator Elizabeth Warren in the race to become the next US Senator from Massachusetts. This represents the latest foray by the prominent crypto investors into political campaign donations.

JUST IN: Winklevoss Twins donate $1,000,000 worth of #Bitcoin to a John Deaton, who is competing with Elizabeth Warren pic.twitter.com/h3jAbpdA6D

— BlockNews.com (@blocknewsdotcom) July 18, 2024

Donations to Support Anti-Crypto Senator’s Challenger

Tyler and Cameron Winklevoss announced in separate social media posts that they will each be contributing $500,000 in bitcoin to Deaton’s campaign. The Republican challenger has positioned himself as pro-bitcoin and pro-crypto, in contrast to Senator Warren’s critical stance on the digital asset industry.

In his post, Tyler Winklevoss referred to Warren as “crypto’s public enemy number one” and “the chief architect and driver of the Biden Administration’s war on crypto.” Meanwhile, Cameron Winklevoss described Deaton as “pro-bitcoin” and “pro-crypto” in signaling his support.

The donations from the Gemini exchange founders follow a $1 million contribution in fiat currency to a pro-Deaton super PAC from blockchain company Ripple Labs earlier this week. Deaton accepts cryptocurrency donations directly through his campaign website.

Winklevosses Previously Donated to Trump

The Winklevoss twins have actively donated to Republican political causes in recent election cycles. Last month, they contributed $2 million to former President Donald Trump’s 2024 presidential campaign. They also gave $250,000 each to a pro-Trump super PAC.

Despite dismissing bitcoin in the past, Trump has rebranded himself as crypto-friendly in the current election environment. The donations from prominent industry figures like the Winklevosses underscore the political divide that has emerged around digital assets and blockchain technology.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinElizabeth WarrenJohn Deatonripple labsWinklevoss Twins
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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