Billionaire Cameron Winklevoss is warning that a Kamala Harris election victory could end up being very costly for the crypto industry.
According to Winklevoss, the Biden Democratic Presidential administration has cost the digital asset space at least half a billion dollars in legal fees, conservatively speaking.
“The Harris-Biden Administration has cost the crypto industry $500 million in legal fees. Vote Trump and this goes to $0. Vote Harris and this will balloon to $ billions. Choose wisely.”
Some of the Biden/Harris Administration’s biggest legal disputes against the industry include those against Coinbase, Uniswap Labs, Crypto.com, Binance and Binance.US, Mango Markets and Consensys.
At time of writing, crypto betting platform Polymarket is currently giving Donald Trump a 60.9% chance of winning the US election, contrary to many national polls, which Winklevoss says are likely more prone to manipulation than the betting sites.
In June, Winklevoss and his brother Tyler sent $1 million worth of Bitcoin donations to Donald Trump, and then in July, sent an additional $500,000 worth of BTC each to John Deaton, an attorney and pro-crypto Senate candidate looking to unseat Elizabeth Warren of Massachusetts.
Tyler Winklevoss said that the Bidden-Harris Administration unleashed “four years of terror” on the crypto industry, that he hoped would be undone by election day.
“I’d like to get back to building full-time and I know all of you would too. In order to do this, we, as an industry, must demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is the best home in the world for crypto.
The Biden-Harris Administration has four years of terror to unwind and only 101 days before November to do it. The ball is in their court.”
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