June 12, 2023 at 15:10 GMTModified date: June 13, 2023 at 14:43 GMT
June 12, 2023 at 15:10 GMT

Winklevoss: SEC ‘will cost Dems 2024 election’

The Winklevoss twins have taken to Twitter to discuss the SEC’s “war on crypto”, saying it “is going to alienate an entire generation of would-be Democrats”.

Winklevoss: SEC ‘will cost Dems 2024 election’

Gemini co-founders the Winklevoss twins took to Twitter over the weekend to give their opinions on the SEC’s “war on crypto”.

They say that the crypto community has the support of the Millennials and Gen-Z age brackets and as a result, it will be the Democrats who drop the ball in the 2024 election.

Yesterday, one half of the duo Tyler Winklevoss tweeted: “Roe cost Republicans the mid-terms. The @SenWarren and @GaryGensler war on crypto will cost Dems the 2024 election.”

Meanwhile, Cameron stated: “The @SenWarren and @GaryGensler war against crypto is going to alienate an entire generation of would-be Democrats.

“Winning the youth vote w/ “get out the vote” is key part of Dem playbook. Dems believe the youth vote will carry the day.”

He added: “Crypto has already won the hearts and minds of Millennials and GenZ. They don’t debate the merits of crypto. They debate where and what to build next. And millions have put their life-savings into crypto.

“They won’t forget the value destruction Warren and Gensler have caused.”

Gemini picks Ireland

The Winklevoss twins’ tweets come amid an exodus of crypto companies from the US market looking to relocate outside of the country, following the ever-increasing clampdown by the SEC.

Last month, their Gemini crypto exchange recently chose Dublin for its new European headquarters.

The price of Bitcoin has had a volatile week since the SEC news broke. At the time of writing, BTC is trading at $25,804.48, a rise of 0.13% in the past 24 hours.