Gemini Founders Donate $2 Million in Bitcoin to Trump Campaign

Twitter icon  •  Published 3 weeks ago  •  Nikolas Sargeant

Gemini founders Winklevoss twins donate $1M each in Bitcoin to Trump's campaign, endorsing his pro-crypto stance.

The Winklevoss brothers have publicly criticized the Biden administration's approach to cryptocurrency regulation. They claim that multiple government agencies have been used to target and litigate against the crypto industry.

Regulatory Concerns

Tyler Winklevoss accused the Biden administration of waging a "war against crypto" in a social media post. He referenced "Operation Choke Point 2.0," alleging that banking regulators are pressuring financial institutions to sever ties with crypto companies.

The brothers also expressed dissatisfaction with the Securities and Exchange Commission's (SEC) cryptocurrency policies. They argue that the SEC's application of outdated regulations to cryptocurrencies creates legal uncertainties and hampers innovation in the sector.

Pro-Business Stance

The Winklevosses portrayed Trump as the "pro-Bitcoin, pro-crypto, and pro-business choice" for the upcoming election. They contrasted this with their view of the current administration's approach, which they characterize as hostile to American businesses and successful industries.

The donations and endorsements from the Winklevoss twins highlight the growing importance of cryptocurrency policy in political discourse. As the industry continues to evolve, its regulation is likely to remain a significant issue in the 2024 presidential campaign.

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Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.