Democrats ‘war on crypto’ will lose its key voters: Winklevoss twins
United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto," according to the Winklevoss twins.
On June 10, co-founder of the crypto exchange Gemini, Cameron Winklevoss, tweeted the Democrats will “alienate an entire generation” of youth voters due to its war — the same voters that were crucial to winning the previous election.
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. pic.twitter.com/F4FQowjCVn
Cameron singled out Senator Elizabeth Warren and President-Biden nominated Securities and Exchange Commission Chair Gary Gensler in particular.
A day later on June 11, Gemini’s other co-founder and Cameron’s twin brother Tyler Winklevoss followed up with his own tweet, claiming Warren and Gensler’s “war” would see Democrats lose the 2024 election.
Roe cost Republicans the mid-terms. The @SenWarren and @GaryGensler war on crypto will cost Dems the 2024 election.
Gensler’s tenure at the SEC has seen an increase in enforcement actions against the crypto space while Senator Warren has shared indications of building an “anti-crypto army.”
On Nov. 5, 2024, a presidential election together with elections for the House of Representatives and the Senate will be held in the U.S. All 435 seats in the House are up for grabs along with 34 out of 100 spots in the Senate.
Youth voters — aged 18 to 29 — are a major voting bloc for the Democrats. Data from the U.S. 2022 midterm elections show 63% of surveyed youth voted for the Democrats, compared to 35% for Republicans.
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