War On Crypto Will Cost Democrats 2024 Elections: Winklevoss Twins

US Democrats could risk losing the upcoming Presidential elections owing to their war on cryptocurrencies, Winklevoss twins warned. The Democrats have been targeting crypto in their campaign trail for the 2024 elections.

US President Joe Biden targeted “crypto traders” during the budget negotiations.

Democrats’ War On Crypto

Gemini co-founder Tyler Winklevoss tweeted that US Senator Elizabeth Warren and SEC chair Gary Gensler’s war on crypto will cost them the 2024 elections just like Roe Vs Wade cost Republicans mid-term. The US SEC just cranked up its crackdown on the crypto industry this month when it filed back-to-back lawsuits against the top two crypto exchanges Binance and Coinbase.

Earlier, Cameron Winklvoss tweeted that Gensler and Warren’s war on crypto is going to alienate an entire generation of would-be Democrats. Winning the youth vote w/ “get out the vote” is a key part of the Dem playbook. Dems believe the youth vote will carry the day.

Winklevoss twins look outside US to establish their empire

Gemini founders Winklevoss twins have openly expressed their interest in establishing their crypto empire in Europe. Last month, Gemini selected Dublin as the headquarters for its European operations, amid a backdrop of crypto companies seeking expansion outside of the United States. However, Gemini has vowed to continue to fight the good fight in the United States. Winklevoss twins, who are also known for suing Mark Zuckerberg for Facebook, have aggressively defended the US crypto community despite being not actively involved in it.

SEC has met with fierce opposition from the crypto community for its attack on the crypto industry. The latest lawsuits against Binance and Coinbase could decide the future of the crypto industry in the United States.

Jai Pratap is a Crypto and Blockchain enthusiast with over three years of working experience with different major media houses. His current role at CoinGape includes creating high-impact web stories, cover breaking news, and write editorials. When not working, you’ll find him reading Russian literature or watching some Swedish movie.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.