Cameron Winklevoss and Tyler Winklevoss are the co-founders behind cryptocurrency exchange Gemini. They have revealed that they sent over $21 million in Bitcoins to a Political Action Committee (PAC), with an expressed intent of supporting US President Donald Trump’s crypto agenda, with a Republican majority in Congress.
Tyler Winklevoss wrote a blog post for Wednesday X. said More than 188 Bitcoins were contributed (BTCThe Digital Freedom Fund PAC received a donation of $21 million (approximately) at that time.
Gemini’s co-founders said that the goal of their contribution was to “support President Trump and his Administration’s efforts” Support market structure legislation and influence US midterm elections in 2026 to help shape crypto policy. “fight for” Other issues related to blockchain and digital assets
“The Digital Freedom Fund will work with similarly aligned pro-crypto groups and look to identify and support other issues, like the de minimis tax exemption for Bitcoin [which grants tax-free status to gains under a certain amount] and other crypto transactions, that will unleash the potential of these technologies, our industry, and America,” Winklevosses, said they. “And our private position will always be the same as our public position on these matters.”
Bitcoin was donated more than a full year in advance of US federal elections scheduled for 2026. Many Democrats are looking to the next elections to gain power after losing the majority of seats in the US Senate, the House of Representatives, and the presidential election to Republicans.
According to Federal Election Commission records, Digital Freedom Fund PAC has been registered as a Political Action Committee (PAC). established On July 11, with Treasurer Janna Russell. She was reportedly involved in several other PACs or organizations including one tied to Vivek Raaswamy, a former Republican candidate for president.
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Winklevosses played an important role in Trump’s election of 2024 by donating about $2 million in Bitcoin His campaign. This recent contribution of $21 million was probably a reference to Bitcoin’s limited supply.
Also personally, contributed about $5 million Fairshake PAC spent over $130 Million supporting candidates for Congress that it deemed worthy “pro-crypto” It said those who were opposed to it were “anti-crypto” In 2024. Fairshake said in July The group announced that they had raised $141M to support US elections in 2026, which includes the midterms.
Gemini is buying a place at the table.
The Winklevoss brother were invited to the inauguration and to a White House Crypto Summit in March after their support of Trump’s 2020 campaign and contribution. The president acknowledged their support Signing ceremony for the Guiding and Establishing National Innovation for US Stablecoins Act was held in July. The act had passed bipartisan in Congress.
According to reports, the Winklevosses reportedly also deepened their financial connections with Trump. investing in American BitcoinThe company is a cryptocurrency mining firm that has ties to the President’s family.
Gemini’s co-founders reportedly broke away from Trump’s crypto agenda. asking him to reconsider Nomination of Brian Quintenz as chairperson of the US Commodity Futures Trading Commission. Quintenz’s nomination was made by President Obama in February. The brothers first supported the decision on social media.
It was released a few days after the Senate Agriculture Committee reported that the White House had requested a delay Quintenz nomination should be taken into consideration. Winklevosses’ move has put them in conflict with several blockchain and crypto organizations. wrote a letter in support Quintenz confirmed the confirmation Wednesday.
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Source: cointelegraph.com
