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Reading: Winklevoss Backs Deaton Over Warren in Crypto Industry Debate[embed]https://www.youtube.com/watch?v=0_oAB3onS4I[/embed]
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Kriptoteka > Market > Blockchain > Winklevoss Backs Deaton Over Warren in Crypto Industry Debate[embed]https://www.youtube.com/watch?v=0_oAB3onS4I[/embed]
Blockchain

Winklevoss Backs Deaton Over Warren in Crypto Industry Debate[embed]https://www.youtube.com/watch?v=0_oAB3onS4I[/embed]

marcel.mihalic@gmail.com
Last updated: September 12, 2024 4:07 pm
By marcel.mihalic@gmail.com 6 Min Read
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<div>
<p><strong>Tyler Winklevoss criticized Massachusetts Senator Elizabeth Warren’s campaign for being “dishonest,” alleging that she is waging an unlawful war against the cryptocurrency sector. In doing so, the Gemini co-founder expressed his support for pro-XRP advocate, John Deaton.</strong></p>
<p>Deaton recently earned the Republican nomination, positioning himself to challenge Warren for the Massachusetts Senate seat in the forthcoming US elections.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-tyler-winklevoss-slams-elizabeth-warren"><strong>Tyler Winklevoss Takes Aim at Elizabeth Warren</strong></h2>
<p>Winklevoss’s comments were in response to an email from Elizabeth Warren’s campaign, which claimed that conservative, crypto-backed groups are funding million-dollar advertising campaigns against her. Warren specifically mentioned Tyler and his brother Cameron, accusing them of opposing reasonable regulatory practices in the cryptocurrency realm.</p>

<p>She further claimed that the brothers were financing conservative groups to disseminate misinformation that would benefit John Deaton, following his recent nomination for Senate.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“Elizabeth Warren’s recent campaign email is downright dishonest. She argues the crypto industry is upset because she 'advocated for fair regulations,' while she has been conducting an unlawful war against it and the 50 million Americans who own crypto. Vote for John Deaton to put an end to the madness,” Tyler Winklevoss <a href="https://x.com/tyler/status/1833616713914716369" target="_blank" rel="noreferrer noopener nofollow">stated</a>.</p>
</blockquote>
<p><strong>Read more: Who Are Cameron and Tyler Winklevoss? A Profile of the Twins</strong></p>
<figure class="wp-block-image size-large is-resized"><img decoding="async" width="850" height="404" alt="Senator Elizabeth Warren Email," class="wp-image-567793 lazy" style="aspect-ratio:2.103960396039604;width:1024px;height:auto" srcset="https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-850x404.jpg.optimal.jpg 850w, https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-360x171.jpg.optimal.jpg 360w, https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-768x365.jpg.optimal.jpg 768w, https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-1536x730.jpg.optimal.jpg 1536w, https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-150x71.jpg.optimal.jpg 150w, https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1.jpg.optimal.jpg 1552w" sizes="(max-width: 850px) 100vw, 850px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/09/GXJPlwIbEAICOa1-850x404.jpg.optimal.jpg"/><figcaption class="wp-element-caption">Senator Elizabeth Warren Email. Source: <a href="https://x.com/tyler/status/1833616713914716369" target="_blank" rel="noreferrer noopener nofollow">X/Twitter</a></figcaption></figure>
<p>Tyler Winklevoss’s endorsement of Deaton stems from his belief in the ability of cryptocurrency to democratize finance. Like many advocates in the industry, he maintains it will foster economic freedom. His brother, Cameron, echoes these sentiments, and both see Deaton as a true defender of the cause.</p>

<p>In July, they contributed $1 million in Bitcoin (BTC) to Deaton’s Senate campaign. Other notable backers included Ripple Labs, which also donated $1 million to the Commonwealth Unity Fund for Deaton, both efforts aimed at unseating Warren.</p>
<p>Wayne Vaughan, a participant in the crypto market, among others, <a href="https://x.com/WayneVaughan/status/1833617686099595419" target="_blank" rel="noreferrer noopener nofollow">voiced</a> support for Winklevoss’s remarks, expressing his hope for a future without Warren in office.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-us-elections-likely-gamechanger-for-crypto-regulation">US Elections Could Transform Crypto Regulation</h2>
<p>In a recent discussion with WBUR, John Deaton criticized Senator Elizabeth Warren for disregarding the facts in her approach to cryptocurrency regulation. He accused her of advocating for banks engaged in money laundering.</p>

<p>Notable figures from within Warren’s own political sphere have also called her out. Anthony Scaramucci and Mark Cuban, both supporters of Kamala Harris, have deemed Warren a hypocrite for her alliances with “regulatory evil” entities, including SEC Chair Gary Gensler.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“Guess who terrifies Senator Warren the most? It’s the MANY supporters of Kamala Harris—including Scaramucci and Mark Cuban—who back Deaton,” MetaLawMan <a href="https://x.com/MetaLawMan/status/1833284570373931042" target="_blank" rel="noreferrer noopener nofollow">remarked</a>.</p>
</blockquote>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"><p>

</p></figure>
<p>The US Securities and Exchange Commission (SEC) has placed significant pressure on the crypto industry for several years. Some lawmakers have facilitated these constraints, with a legal expert suggesting that further crypto crackdowns could occur this month.</p>

<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“Just a reminder that the SEC, CFTC, and other regulators conclude their fiscal year on September 30. It’s common to see a surge of enforcement actions in September as they finalize their performance reports and budget requests for Congress. This month could be quite eventful,” wrote Jake Chervinsky, Chief Legal Officer of Variant Fund <a href="https://x.com/jchervinsky/status/1831404691215077757" target="_blank" rel="noreferrer noopener nofollow">noted</a>.</p>
</blockquote>
<p><strong>Read more: Crypto Regulation: What Are the Benefits and Drawbacks?</strong></p>

<p>In the meantime, the crypto community is optimistic that the upcoming US elections will mark a significant shift. With both Republicans and Democrats showing increasing openness to cryptocurrency, Tyler Winklevoss believes it could be a pivotal factor.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote">
<p>“75% of the 50 million Americans who own crypto will be voting this November with cryptocurrency on their minds,” Tyler Winklevoss <a href="https://x.com/tyler/status/1833950824839733622" target="_blank" rel="noreferrer noopener nofollow">observed</a>.</p>
</blockquote>

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<p>In accordance with the Trust Project guidelines, BeInCrypto is dedicated to impartial and transparent reporting. This news article aims to offer accurate, timely information. However, readers are encouraged to fact-check independently and consult with professionals before making decisions based on this content. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.</p>
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