Tyler Winklevoss Criticizes Senator Warren Over Crypto Regulation

Tyler Winklevoss vs Senator Warren: Crypto Regulation Controversy

Tyler Winklevoss, co-founder of Gemini, has publicly criticized Senator Elizabeth Warren, accusing her of waging an "illegal war" on the cryptocurrency industry and the 50 million Americans who own digital assets. 

Source: X

Winklevoss's comments were in response to Warren's recent campaign email, where she claimed that the cryptocurrency industry was upset over her push for "fair regulation." Winklevoss labeled her statements as dishonest and urged support for Republican candidate John E. Deaton to counter Warren's stance.

Warren's Campaign Email Sparks Controversy

In her email, Senator Warren accused conservative crypto-funded groups of spending large sums to advertise against her, alleging that these groups were spreading misinformation to support her Republican opponent, John Deaton. Warren specifically named the Winklevoss twins, co-founders of the Gemini exchange, as supporters of these groups, claiming they were unhappy with her call for fair regulations in the crypto industry. "They're upset since I have called for fair regulations around the industry that protect the working people," Warren stated.

John Deaton and Winklevoss Push Back

Tyler Winklevoss accused Senator Elizabeth Warren of misleading the public about her crypto regulatory intentions and waging an unlawful campaign against the industry. He urged support for John E. Deaton, a prominent XRP lawyer and Republican nominee in Massachusetts, to oppose Warren. Deaton criticized Warren for fabricating testimony from SEC Chair Gary Gensler and advocated for "smart, tailored regulations" through his Connect to Congress platform, which has sent over 100,000 messages to Congress about digital assets.

Deaton also slammed Warren for lobbying for banks involved in money laundering and highlighted the Democratic party's lack of seriousness about crypto legislation, with Vice President Kamala Harris skipping crypto-related policies in her recent decisions.

Moreover, the Trump Vs Harris debate is also seeking the attention of the world towards crypto market. As the 2024 election looms, the cryptocurrency industry is emerging as a pivotal battleground. Donald Trump has made sweeping pro-crypto declarations, aiming to secure the sector's support. Meanwhile, Kamala Harris and the Democratic Party are making concerted efforts to build stronger relationships with crypto enthusiasts. With significant investments riding on future digital currency regulations, cryptocurrency is set to be a crucial issue in this electoral race. 

Also Read: US Election 2024: Trump Crypto VS Kamala Harris Crypto