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

• Gemini founders donate $1 million each in Bitcoin to Trump campaign
• Trump promises to end ‘Biden’s war on cryptocurrencies’

After its announcement made headlines to compensate users affected by the discontinued Gemini Earn program, Gemini was 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, each donated $1 million in Bitcoin. (BTC) to former President Donald Trump’s election campaign.

By comparison, on May 21, Trump’s presidential campaign launched a fundraising page that allows cryptocurrency donations through Coinbase Commerce, subject to federal regulations.

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

“In recent years, the Biden administration has openly declared war on cryptocurrencies. “He used multiple government agencies as weapons to intimidate, harass and prosecute the good players in our industry in an attempt to destroy it.”

In a statement, Winklevoss stressed that the administration’s actions represent “an unprecedented abuse of power carried out solely for the sake of distorted political gain.” He believes this has had a detrimental effect on innovation, American taxpayers and the economy.

he added,

“There is nothing the Biden administration can do or say at this time that would prove otherwise.”

Echoing similar sentiments, Cameron Winklevoss also noted:

Biden vs Trump

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

In recent months, Trump has openly advocated for cryptocurrencies. In contrast, President Joe Biden has taken a more cautious stance on cryptocurrencies. He most recently vetoed the repeal of Personnel Bill 121, also known as SAB 121, despite bipartisan support.

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

Commenting on the same thing, Trump said at the June meeting:

“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.”

It’s worth noting here that there are others who have criticized Biden and the SEC. For example: Billionaire businessman Mark Cuban recently criticized the regulations, suggesting they could harm President Biden’s re-election prospects. Specified,

“Biden will have to choose between Gensler and crypto voters, or it could cost him the White House.”

This is an automatic translation of our English version.