The Democratic Party faced criticism from crypto supporters on February 6 after its official X account posted the word “yikes” alongside an image mocking cryptocurrency losses.
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Custodia Bank CEO Caitlin Long replied that the message seemed to make fun of people who had lost money, including many Democrats.
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She wrote, “The sad thing about this tweet is that you’re gloating in a lot of Democrats’ painful financial losses right now. You do know that many Democrats own crypto too, right?”
Others also expressed concern that the post could turn voters away. Tyler Winklevoss, co-founder of Gemini
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Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, said, “Probably not the message you want to be sending to the crypto community before midterms”.
Former White House Communications Director Anthony Scaramucci also criticized the Democrats’ post. He said, “The best thing Trump has going for him is the incompetence of Democrats on this topic”.
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