Winklevoss Twins Donate $2 Million in Bitcoin to Trump’s Reelection Campaign

Published in: June 22, 2024

• Gemini Founders Donated $1 Million Each in Bitcoin to Trump Campaign
• Trump vows to end Biden’s ‘war on cryptocurrencies’

After making headlines with its announcement, to compensate users affected by the discontinued Gemini Earn program, Gemini is once again the talk of the town.

The Winklevoss twins support Trump

Gemini founders Cameron Winklevoss and Tyler Winklevoss, also known as the Winklevoss twins, have each donated $1 million in Bitcoin. [BTC] to the campaign of former President Donald Trump.

To put it in context, on May 21, the Trump presidential campaign started a fundraising page that allows cryptocurrency donations through Coinbase Commerce, in compliance with federal regulations.

Citing reasons for his donation of $1 million in Bitcoin, Tyler Winklevoss took to X (formerly Twitter) and said:

“In recent years, the Biden Administration has openly declared war on cryptocurrencies. “He has weaponized multiple government agencies to intimidate, harass and sue the good actors in our industry in an effort to destroy it.”

In his statement, Winklevoss emphasized that the administration’s actions constituted “an unprecedented abuse of power exercised solely for twisted political gain.” He believes this has had a detrimental impact on innovation, American taxpayers, and the economy.

He added,

“There is nothing the Biden Administration can do or say at this time to pretend otherwise.”

Echoing similar sentiments, Cameron Winklevoss also observed:

Biden vs. Trump

This episode is just the latest chapter in this year’s election cycle, and the aforementioned donations underscore how many in the crypto space see Trump and Biden.

In recent months, Trump has come out openly in favor of cryptocurrencies. In contrast, President Joe Biden has taken a more cautious stance on cryptocurrencies. The most recent was when he vetoed the repeal of Personnel Accounting Bulletin 121, also known as SAB 121, despite bipartisan support.

Trump’s latest claim that he will end Biden’s so-called “war on cryptocurrencies” underscores his recognition of the importance of cryptocurrencies. and its potential influence on voters in this election.

Commenting on the same, Trump in June meeting had stated,

“I will end Joe Biden’s war on cryptocurrencies and we will ensure that the future of cryptocurrencies and the future of Bitcoin are made in America.”

Here it is worth noting that there are also others who have criticized Biden and the SEC. For example: Billionaire businessman Mark Cuban recently criticized regulatory actions, suggesting they could hurt President Biden’s re-election prospects. The said,

“Biden has to choose between Gensler or crypto voters or it could cost him the White House.”

This is an automatic translation of our English version.