The Winklevoss twins say they risk losing key youth voters as US President Joe Biden and Democrats continue their "war against cryptocurrencies."
Cameron Winklevoss, co-founder of crypto exchange Gemini, tweeted on June 10 that the Democrats will “alienate an entire generation” of important youth voters due to their anti-encryption stance. Cameron singled out Sen. Elizabeth Warren and President Joe Bi den's nominee to chair the Securities and Exchange Commission, Gary Gensler.
A day later, on June 11, Tyler Winklevoss, another Gemini co-founder and Cameron's twin brother, tweeted himself claiming that a "war" between thaWarren and Gensler would cost the Democrats the 2024 election . During Gensler's tenure at the SEC, enforce ment actions against the crypto space increased, while Senator Warren said she wanted to build an "anti-crypto army."
On November 5, 2024, the United States will hold presidential elections, as well as elections for the House of Representatives and the Senate. All 435 seats in the House of Representatives and 34 of the 100-seat Senate are up for grabs. Youth voters Between the ages of 18 and 29 are the main voting group for the Democratic Party. Data from the 2022 midterm elections in the United States shows that 63% of surveyed youth voted for the Democrats, compared with 35% for the Republicans.
That same age group is also the largest group of cryptocurrency users or investors, with 28% of Americans aged 18 to 29 saying at some point - They have used or invested in cryptocurrencies. However, the importance of crypto policy to young voters rel ative to other issues are less clear.
In a Pew survey of policy priorities conducted in January -- before the banking crisis in March the top issue was strengthening the economy, followed by improving education for 18- to 29-year-olds. Cryptocurrency regulation was not among the top 21 policy items in the Pew survey. Regardless, a number of presidential candidates from both sides of the political aisle have made their stance on cryptocurrency policy clear, such as Republican hopeful Ron DeSantis and Democratic hopeful Robert Kennedy, both of whom have expressed a pro-crypto stance .
Cameron and Tyler Winklevoss have contributed to the campaigns of both Republican and Democratic candidates, according to lobbying tracking site OpenSecrets.
