According to the Winklevoss twins, the “crypto war” will harm Democrats

Crypto billionaire Cameron Winklevoss has warned that the ongoing crypto war orchestrated by Senator Elizabeth Warren and SEC Chairman Gary Gensler could harm the Democratic Party. He was followed by his twin brother, Tyler Winklevoss, who is more specific and predicts a Democratic defeat in the 2024 presidential elections if this war continues.

The Winklevoss brothers believe that crypto is crucial for the 2024 elections

According to the Winklevoss brothers, the Democratic Party was saved in the 2020 elections by the youth vote. However, these same young people are actively involved in the crypto industry. Therefore, due to their “war against crypto,” Democrats could lose the youth vote. At least that’s what the Winklevoss twins think.

Cameron Winklevoss is the co-founder of the crypto exchange Gemini. With his brother Tyler, is the first to speak out on the subject. On June 10, in a tweet, he said that Democrats would “alienate an entire generation” of crucial young voters because of their anti-crypto stance. Thus, Cameron directly points the finger at Senator Elizabeth Warren and the Securities and Exchange Commission (SEC) Chairman Gary Gensler, appointed by President Biden.

Tyler Winklevoss chimed in on June 11. He affirms that Warren and Gensler’s “war” would lead to the Democrats losing the 2024 elections.

Can young Americans sway the vote in favor of cryptocurrencies?

2024 is an important election year for Americans. Firstly, there will be a presidential election, as well as elections for the House of Representatives and the Senate. Thus, there are 435 seats in the House up for grabs, along with 34 out of 100 seats in the Senate.

It is clear that young voters aged 18 to 29 are crucial for Democrats. Furthermore, this age group happens to be the largest demographic of crypto users or investors. But will these young people care about the fate of cryptocurrencies?

28% of Americans aged 18 to 29 have stated that they have used or invested in crypto. A report published by Pew Research clearly demonstrates this. However, will they use their voting power to demand better treatment for the crypto industry?