Gemini pioneers political funding for crypto advocates

Gemini Pioneers Political Funding for Crypto Advocates

Last Updated: June 24, 2024By

The Gemini Exchange has unveiled a groundbreaking initiative to streamline campaign contributions for pro-cryptocurrency candidates in the U.S., setting the stage for the upcoming Presidential election this November.

This announcement came on the heels of a substantial $2 million donation from Cameron and Tyler Winklevoss on June 20, 2024, aimed at supporting former President Trump’s re-election bid.

Shortly before Gemini’s initiative went public, Tyler Winklevoss unleashed a scathing critique of Joe Biden and his administration’s antagonistic stance toward the crypto sector. “Success is criminalized, and the reward is perpetual scorn, fines, and even more bureaucratic hurdles,” Winklevoss articulated. He elaborated further, “The Biden Administration doesn’t detest success in its entirety, just the kind that operates beyond its reach. Once it finds a way to seize or control it, the Administration embraces it, eagerly manipulating or redistributing it to curry favor with voters.”

Tyler Winklevoss concluded his pointed criticism by asserting, “Over an extended timeline, it’s evident how these policies will devastate our economy and nation.”

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About the Author: Eunji Lim

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