Winklevoss Twins Contribute 2 Million in Bitcoin to Trumps Campaign

Winklevoss Twins Inject $2 Million Bitcoin into Trump’s Presidential Campaign
The Winklevoss twins, who are billionaires and the founders of the digital currency company Gemini, made an announcement on Thursday that they had each donated $1 million in Bitcoin to support the presidential campaign of Donald Trump.
Tyler and Cameron Winklevoss shared their contributions on the social media platform X, but they did not disclose the specific address to which they sent the Bitcoin.
Tyler Winklevoss pointed to the Biden Administration’s aggressive stance against cryptocurrencies as the reason for their support of Trump. He stated, “It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it.”
He also noted that under Biden, the Securities and Exchange Commission (SEC) has failed to establish new regulations for the cryptocurrency industry, leaving participants without clear guidance on navigating regulatory challenges. Additionally, he criticized the SEC for relying on outdated rules that were formulated decades ago, long before widespread telephone use and over half a century before the internet was invented.
The SEC’s actions have sparked widespread criticism from the cryptocurrency industry against SEC Chair Gensler and the Biden administration for their strict regulatory stance on digital assets. The SEC has taken legal actions against numerous prominent cryptocurrency entities in recent years.
On the other hand, Republican presidential nominee Trump has shown support for the industry by accepting cryptocurrency donations for his campaign since last month. Trump has indicated that he would ease hostility toward cryptocurrency in the US if re-elected.
During a recent meeting with crypto miners, he expressed his appreciation for and understanding of cryptocurrency, emphasizing how miners help stabilize the energy grid. He promised to support miners if he wins the White House.
Trump has also criticized Biden, suggesting that he has no understanding of cryptocurrency. He has also condemned Democrats, alleging that they are vehemently against cryptocurrency.
Last month, Bloomberg reported that Trump had been in discussions about cryptocurrency policy with billionaire Elon Musk. However, Musk denied this, stating he was “pretty sure” he had never talked about cryptocurrency with Trump.