Donald Trump’s new crypto-friendly political action committee received an extremely positive response. large Bitcoin donation That could shape the future for digital assets in America. Cameron and Tyler Winklevoss were the twin billionaires who founded the Gemini cryptocurrency exchange. announced On Wednesday, they announced that they had donated 21 million dollars in Bitcoins to a group named the Digital Freedom Fund.
Winklevoss Twins Donate $21M in Bitcoin to Trump
Cameron Winklevoss and Tyler Winklevoss made the donation, they said, because they think Trump has taken actual steps to bring. digital assets They want him to keep this momentum. Tyler Winklevoss explained that the president has been able to move quickly on his agenda because of the support he receives from the Republican-controlled Congress, and he added that it is important to protect that support when voters head into the midterm elections in 2026.
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Digital Freedom Fund is a movement that aims at preserving what it calls “America’s Golden Age”. Trump’s twins will now have the means to complete his agenda. push for stronger crypto reforms. The PAC website still hasn’t updated their records with the $21m donation. However, this announcement already is seen as one the most significant signs that the crypto industry leaders are willing to directly engage in politics and help shape rules for the future of the sector.
The PAC Agenda: Pro Crypto Laws and CBDC Ban
Digital Freedom Fund has provided a detailed overview of the fund. comprehensive plan The PAC focuses its efforts on supporting members of the House and Senate who pass legislation that will make it easier to develop crypto businesses and for users without excessive regulations. The PAC is also promising to support a “Skinny Market Structure Bill” This would restrict regulators’ power over the crypto market while protecting the rights of developers, publishers, and users To build and to transact without restriction.
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In order to achieve this, the PAC has proposed a “crypto bill of rights” This would state clearly that Americans must always be allowed to own. Bitcoin It is important that people use digital currency and keep it safe. They can also make everyday purchases without fear of punishment. This was a major concern for past cases, such as the Tornado Cash developers or the Silk Road’s founder Ross Ulbricht.
The House of Representatives passed a bill In July, to prevent the Federal Reserve from moving ahead with a CBDC. However, the bill has yet to be passed by the Senate. And the PAC claims it will fight until a ban on CBDCs is in effect. The Digital Freedom Fund, under Trump’s leadership as well as the Winklevoss Twins new funding, is ready to use its resources in order to influence the midterm elections of 2026. maintain the U.S. on a pro-crypto path.
Chart from TradingView.com, image from Dall.E
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Source: www.newsbtc.com
