Gemini launches campaign finance initiative for pro-crypto candidates
The Gemini exchange recently announced its campaign finance project to facilitate campaign contributions for pro-crypto candidates in the United States ahead of this November's presidential election.
Gemini Announcement June 20, 2024 Cameron and Tyler Winklevoss donate $2 million to former President Trump's re-election campaign.
Strong criticism of Biden
Minutes before Gemini announced his campaign donation initiative, Tyler Winklevoss issued a lengthy tirade against Joe Biden and the current administration's hostility toward the crypto industry. “The crime is always success and the reward is always ridicule, penalties and even more red tape,” Winklevoss wrote. Then the investor and the investor made their position more clear.
“To be clear, the Biden administration doesn't hate success at all. It's just the kind that's out of its control. Once it figures out how to seize it or force it, the Biden administration is very excited about success. It's a clear attempt to buy votes.”
Tyler Winklevoss sums up this specific critique of the Biden administration, saying, “Given enough time, it's easy to see how these policies will lead to the destruction of our economy and our country.”
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2024 – the year of Cryptopolitik
Recent actions from the Winklevoss twins and the announcement from Gemini are the latest examples of political manipulation from the cryptocurrency industry.
In early June, Coinbase's “Stand with Crypto” political action committee (PAC) announced that it had reached a milestone by collecting 1 million signatures from pro-crypto voters.
Following their recent meeting with former President Trump, industry executives from CleanSpark, Marathon Digital and Riot Platforms formed “The Bitcoin Voter Project” – a non-profit voter education organization. The Bitcoin Voters Project is non-partisan and is not endorsing candidates, at least not yet. At this point, the goal is just to raise awareness about Bitcoin (BTC) and educate the American public.
Recently, Fairshack, a crypto super PAC, announced that it has raised $169 million in donations. Unlike the Bitcoin Voters project, Fairshack launches political ads against anti-crypto politicians and political candidates.
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