Winklevoss Twins Predict 'War on Crypto' Will Harm Democratic Party
Crypto billionaire Cameron Winklevoss has warned that the ongoing war against crypto by Senator Elizabeth Warren and SEC Chain Gary Gensler would harm the Democratic party.
"Senator Warren and Gary Gensler’s war on crypto is going to alienate an entire generation of would-be Democrats," the crypto boss said in a Saturday tweet.
He referred to a CNN article that credited younger Americans for the strong Democratic performance in the midterm elections.
The report claimed that Democrats would have "gotten crushed without young voter support," noting that Democratic House candidates won voters under the age of 45 by 13 points, while losing voters age 45 and older by 10 points.
Mentioning this, Cameron said winning the youth vote is a key part of the Democratic playbook. "Dems believe the youth vote will carry the day."
However, the recent regulatory scrutiny could negatively impact youth vote for Democrats as many Millennials and GenZ are supporters of crypto, the crypto veteran said.
"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."
He went on to say that Democrats are "grossly miscalculating" the impact of their actions on youth vote this upcoming election cycle.
In a separate tweet, Tyler Winklevoss, who co-founded crypto exchange Gemini with his twin brother Cameron in 2014, agreed.
“Roe [v. Wade] cost Republicans the midterms,” Tyler tweeted on Sunday. “The Sen. Warren and Gary Gensler war on crypto will cost Dems the 2024 election.”
Both Warren and Gensler, two Democratic party members, are both longtime crypto critics.
Warren has made headlines this year for her "Anti
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