Gemini Winklevosses Donate $21M Bitcoin to Trump-Aligned PAC

Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange, have donated $21 million in Bitcoin to the Digital Freedom Fund PAC, a political action committee aligned with President Donald Trump's pro-crypto agenda. This donation, consisting of over 188 Bitcoins, aims to support legislative efforts to establish the U.S. as a global leader in cryptocurrency and to oppose dual regulation of crypto assets by the SEC and CFTC, as well as the expansion of central bank digital currencies (CBDCs). The Winklevoss brothers advocate for a "Bitcoin & Crypto Bill of Rights" and market structure reforms that would limit government overreach and promote fair treatment for crypto builders. Their contribution is among the largest political donations made in digital assets and signals increased political engagement by major crypto stakeholders ahead of the midterm elections. While supporters see this as a vital step for advancing decentralized finance, critics express concerns about regulatory favoritism and political influence within the crypto industry. Overall, the donation highlights the deepening intersection of cryptocurrency and U.S. politics, emphasizing the growing role of financial power in shaping regulatory and legislative outcomes.