The regulatory clampdown on crypto in the U.S. will “alienate an entire generation of would-be Democrats,” Cameron Winklevoss, the co-founder of crypto exchange Gemini, tweeted on June 11.
The Democratic party would have lost the 2022 Presidential election without support from young voters, according to a CNN analysis. Therefore, securing young voters’ support, including millennials, GenZ, and potential Democrats, is crucial if the party wants to win the next election.
But Democratic party senator Elizabeth Warren and Securities and Exchange Commission (SEC) chair Gary Gensler are waging a “war against crypto,” Winklevoss tweeted. Last week, the SEC sued two of the largest crypto exchanges, Binance and Coinbase.
Warren and Gensler’s anti-crypto stance will put off millennial and GenZ voters who have embraced crypto, Winklevoss noted. He added:
“Crypto has already won the hearts and minds of Millennials and GenZ. They don’t debate the merits of crypto. They debate
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