- Cameron Winklevoss warns that the Democratic Party’s anti-crypto stance could alienate young voters.
- Millennials and Gen Z strongly support cryptocurrencies and focus on future development.
- Tyler Winklevoss suggests Warren and Gensler’s “crypto war” could cost Democrats the 2024 election.
Cameron Winklevoss, one of the founders of the crypto exchange Gemini, tweeted on June 10, suggesting that the Democratic Party’s opposition to cryptocurrencies could potentially alienate a significant portion of young voters, resulting in the loss of support from an entire generation.
According to the Winklevoss twins, President Joe Biden and the Democratic Party’s ongoing opposition to crypto, also known as the “crypto war,” could lead to losing their vital youth voter base.
Cameron emphasized that millennials and gen Z have embraced cryptocurrencies wholeheartedly, considering them valuable assets. Rather than discussing the benefits of crypto, they engage in conversations about future development and potential opportunities.
Moreover, Cameron noted that a significant number of individuals have invested their life savings into crypto, and they are unlikely to overlook the perceived negative impact caused by figures such as Senator Elizabeth Warren and Securities and Exchange Commission Chair Gensler.
Furthermore, Cameron suggested that the “blue establishment” may be either unaware of the consequences of Warren and Gensler’s actions on crypto or they are underestimating the impact on the youth vote. Despite their indifference towards crypto, losing votes is a significant concern they should acknowledge.
Simultaneously, Tyler Winklevoss, the co-founder of Gemini and twin brother of Cameron Winklevoss, took to Twitter on June 11 to express his viewpoint. He asserted that the alleged “war” waged by Warren and Gensler against cryptocurrencies could potentially result in the Democratic Party losing the 2024 election.
Meanwhile, data from OpenSecrets, a lobbying tracking site, indicates that Cameron and Tyler Winklevoss have made contributions to the campaigns of both Republican and Democratic nominees.
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