Co-founder of Gemini, Cameron Winklevoss has again declared support for US Presidential candidate, Donald J. Trump. On Tuesday, the entrepreneur through his page on X urged members of the crypto community to vote for Donald Trump in a bid to save the digital assets market.
While urging enthusiasts to vote wisely, Cameron Winklevoss highlighted how the crypto sector has endured huge regulatory pressure under the Biden-Harris administration. Additionally, he highlighted how the cryptocurrency industry has paid $500 million worth of legal fees due to the tough scrutiny over the sector.
He warned that the figures could rise to billions if Kamala Harris overcomes Trump at the polls. Furthermore, Cameron Winklevoss declared his confidence in Donald Trump, citing how his friendly approach to cryptocurrency could help the industry grow.
In the post, the entrepreneur regarded Trump as pro-bitcoin, pro-crypto, and pro-business which according to the twin will push the industry to new heights. More so, in a separate post, the Gemini co-founder explained how the Biden administration fought with the crypto sector.
Reactions to the Opinion
Meanwhile, the submission of the entrepreneur has caught the attention of a handful of crypto enthusiasts. Wayne Vaughan, a popular bitcoin supporter also reflected on the opinion of Cameron Winklevoss.
Wayne Vaughan said the regulatory pressure has not only cost the industry huge legal fees, he illustrated how it has halted the broader growth of the cryptocurrency market in the United States. While commenting, Vaughan recalled how the tough approach of the Biden administration has forced various crypto businesses out of the US.
Also, a crypto legal expert identified as MetaLawMan argued that the twin may not be correct with his estimation, claiming it is low. He opined that the digital assets sector has paid more than $500 million, excluding the fines paid to the United States Securities and Exchange Commission (SEC).
How the Winklevoss Brothers Donated $1 Million Each To Donald Trump
Recall that in June, Tyler and Cameron Winklevoss donated $1 million each to support Donald Trump. With the donation, the two brothers became the first crypto executives to make a major donation in favor of Trump.
According to a post on X, the brother explained how the Biden administration, over the past few years, has openly waged war against cryptocurrency. The brothers accused the administration of weaponizing various government agencies to harass market participants and drag good actors in the industry into lengthy legal tussles.
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