Tyler and Cameron Winklevoss Donate $1M Worth of Bitcoin to Pro-Crypto Lawyer John Deaton’s Effort to Unseat Senator Elizabeth Warren

Tyler and Cameron Winklevoss, founders of the Gemini exchange, each donated $500,000 worth of Bitcoin to support pro-crypto lawyer John Deaton’s effort to unseat Senator Elizabeth Warren.

Crypto exchange founders Tyler and Cameron Winklevoss each donated $500,000 worth of Bitcoin to support pro-crypto lawyer John Deaton’s campaign to unseat Senator Elizabeth Warren.

The Winklevoss brothers announced their donations to Deaton’s campaign on July 18, describing him as an “American hero” and the “only candidate who can defeat Elizabeth Warren in the race for US Senate in Massachusetts.”

“John Deaton is an American hero; Elizabeth Warren is not. John Deaton is a pro-Bitcoin, pro-crypto, and pro-business candidate; Elizabeth Warren is not. She is a lawmaker who can’t pass a law. She is celebrity over results. Politician over leader. Form over substance,” Tyler wrote.

Deaton, a prominent pro-XRP lawyer, has repeatedly criticized Warren and U.S. financial regulators' approach to the emerging industry. He has played a crucial role in the SEC’s cases against several crypto firms, including Ripple.

Notably, Deaton enjoys strong backing from the crypto community. His super political action committee (PAC), the Commonwealth Unity Fund, recently received a $1 million donation from Ripple, and he has raised about $1.7 million, according to Federal Election Data.

Meanwhile, the Winklevoss twins have also supported other pro-crypto candidates. Last month, they donated $2 million in Bitcoin to Donald Trump’s presidential campaign, endorsing his efforts to counter the Biden administration’s anti-crypto policies.

Lampoons Warren

The Winklevoss twins sharply criticized Warren’s anti-crypto stance, calling her “one of the single greatest threats to American prosperity.”

According to Tyler:

“[Warren] is the chief architect and driver of the Biden Administration’s 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.”

He added that Warren’s stringent policies extend beyond the crypto industry. According to him, the Senator believes that free markets are bad and should be regulated extensively, that businesses are harmful, and that those who start and lead them are villains.

“Crypto has the capacity to level the financial playing field and promote financial inclusion, fairness, and freedom for all. Elizabeth Warren should be embracing it. Instead, she has tried to kill it. Why? Because she can’t control it. Her lust for power and control is so great that she puts it ahead of the individual consumer that she pretends to care about and protect,” Tyler concluded.