The Winklevoss twins, the co-founders of the crypto exchange Gemini, have warned that the Democrats’ hostile stance on crypto could cost them the 2024 presidential election. They argued that the young voters, who are the most likely to use or invest in crypto, would be alienated by the anti-crypto policies of Senator Elizabeth Warren and SEC Chair Gary Gensler.
According to a Pew Research survey, 28% of American 18 to 29-year-olds have used or invested in crypto at some point, and 63% of them voted for the Democrats in the 2020 election. However, these voters may switch their allegiance if the Democrats continue their “war on crypto”, which has seen increased enforcement actions against the crypto industry and harsh criticism of its innovation and potential.
Roe cost Republicans the mid-terms. The @SenWarren and @GaryGensler war on crypto will cost Dems the 2024 election.
— Tyler Winklevoss (@tyler) June 11, 2023
The Winklevoss twins pointed out that crypto policy could be a decisive factor in the 2024 election, as it was for other issues in the past. They cited the example of Roe v. Wade, the landmark Supreme Court case that legalized abortion, which they claimed cost the Republicans the mid-term elections. They suggested that the Democrats could face a similar backlash if they ignore or suppress the growing demand for crypto among the youth.
The Winklevoss twins are not alone in their pro-crypto stance. Other presidential hopefuls from both parties have expressed their support for crypto innovation and regulation. For example, Republican Ron DeSantis and Democrat Robert F. Kennedy Jr. have both signaled their interest in fostering a crypto-friendly environment in the US. The Winklevoss twins themselves have donated to campaigns for both parties, according to OpenSecrets.
The 2024 election will be a crucial test for the future of crypto in the US. The voters will have to choose between candidates who embrace crypto as a new frontier of innovation and freedom, or those who view it as a threat to the existing financial system and social order. The Winklevoss twins have made their choice clear: they are betting on crypto.
Related Stories:
Tyler Winklevoss: The outspoken crypto billionaire who predicted the 2024 election
US President Biden Threatens to Block Debt Deal Over Crypto
US lawmaker proposes bill to oust Gensler for his anti-crypto stance
GMX Crypto Price Up 9.2% in 24 Hours: What’s Driving the Rally?
China Softens Approach to Crypto as Market Hits $1.6 Trillion
Taiwan’s Election Targeted by Illegal Crypto Gambling Platform Polymarket
‘Joementum’ Has Arrived and It’s Propelling Democrats to Victory
Ripple Makes a Splash: Crypto Giants Dive into US Election Pool with $78 Million
Leave a Reply