Biden Administration Is Against Crypto; Say Winklevoss Twins

• 1 Winklevoss Twins donated $2 Million in Bitcoin to Donald Trump’s campaign.
• 2 The Biden Administration has openly declared war against crypto and weaponized government agencies, says Tyler Winklevoss.
• 3 Winklevoss Twins supported Donald Trump by offering Bitcoin.

Winklevoss Twins, the founders of Gemini, come in Donald Trump’s support to boost presidential campaigns. Tyler and Cameron Winklevoss donated over $1 Million in Bitcoin (BTC) and criticized the Biden administration for declaring war against crypto.

Why are Winklevoss Twins Bullish on Donald Trump?

As the presidential elections are near, presidential candidates are expanding their team by involving giant players in the crypto market. After raising $12 Million from a crypto campaign, Donald Trump received $2 Million in BTC from Winklevoss Twins.      

At press time, BTC was hovering at $64,577.15, after an intraday fall of 1.36% in a day with a market cap of $1,273,169,199,922 and $25,519,138,926 in 24-hour volume.    

Tyler Winklevoss took to X to express support for Trump and announced that he would vote for Trump in the November election. Moreover, he criticized the Biden administration for their war against crypto and weaponizing government agencies to harass good actors in the crypto industry.   

“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice”, added Tyler Winklevoss.

According to Winklevoss Twins, Trump holds the potential to build a crypto army and save the country from irrelevant policies that are destroying the economy. He also discussed Operation Choke Point 2.0 which guides banks to not operate with crypto companies.

Donald Trump Vs Biden

Donald Trump has promoted cryptocurrencies like BTC and has accepted BTC, Ethereum (ETH), Solana (SOL), etc. for campaigns.

Joe Biden, on the other hand, enhanced his involvement and shifted his tone towards the cryptocurrency industry. Anthony Scaramucci, the former Trump communications director and founder of Skybridge Capital has openly expressed support for Biden.

According to him, the Biden administration acknowledged the political influence of the crypto community and would help in developing favorable regulations for the crypto sector. Under Biden’s leadership, BTC surged, and the spot BTC ETF got approval.                

Furthermore, a Fox News national survey revealed that Biden is two points ahead of Trump, which showcases a voters’ shift toward the current president. Fox News national survey represents the results for political polls, and gain valuable insights into public opinion.

Community Sentiments on Donald Trump 

Many on X seconded Tyler’s tweet and criticized Trump. Kim Dotcom, a crypto enthusiast, promised to give a Million to Winklevoss if Donald Trump committed to pardoning Edward Snowden and Julian Assange on Day 1. 

“People with net worths like yours can’t catch a break in this economy.” Hayden Clarkin said.

Winklevoss Twins’s net worth was recorded at $2.7 Billion each. The brothers hold approximately 70,000 BTC.

Disclaimer

The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.

Andrew Smith

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.