Tyler Winklevoss, the founder of Gemini, has endorsed John Deaton, a pro-crypto lawyer, for the Senate in Massachusetts. The Winklevoss brothers – the well-known cryptocurrency advocates – have been highly critical of Elizabeth Warren’s position on digital assets. Tyler’s latest call to action came after Deaton won the Massachusetts Republican primary, getting 64.9% of the total vote.
Tyler also said that Warren is waging an “unlawful war” against the crypto industry that is detrimental to the 50 million Americans who use the technology. He said Warren’s anti-crypto stance negatively affected American innovation and the economy.
For instance, Tyler argues that Warren’s policies aim at the industry to protect consumers, but the truth is that there are political reasons behind them.
Winklevoss Twins Donate $1M to Deaton Campaign
The Winklevoss brothers have also been supporting Deaton’s Senate campaign, donating $1 million this year. They continue to claim that Deaton supports cryptocurrencies as this is fair and innovative compared to what they view as Warren’s destructive stance. Tyler highlighted that Deaton is hardworking and honest, which he said Warren is not.
Tyler and his brother also reacted to Warren’s campaign’s claims that they were placing fake ads against her. The brothers rubbished such claims, stating they are trying to shield the cryptocurrency industry from overregulation. They regard Warren as a great threat to free markets and innovation, especially in the crypto sphere.
John Deaton Gains Crypto Support in Senate
John Deaton’s campaign has been on the rise, especially among cryptocurrency supporters, as the lawyer fights for better regulation of virtual assets. Charles Hoskinson, the founder of Cardano and Ripple Labs, is also known to have supported Deaton in his Senate bid. Such contributions indicate that there is a lot of support for Deaton within the crypto space.
Tyler also believed that Warren was using federal agencies like the SEC to jeopardize the digital asset market. He stated that Warren and others like her have made things very difficult for genuine players in the industry through actions like contacting SEC Chair Gary Gensler. Tyler also noted that the hostility does not stop at crypto but is more broadly directed at economic actors in the United States.
The soon-to-take-place Massachusetts Senate race has turned into a major fight over crypto regulation. Deaton advocates for cryptos, while Warren is known for her negative stance on them. The Winklevoss brothers’ financial and verbal backing of Deaton is evidence of the political clout of the cryptocurrency sector.
