Key Points:

• Tyler and Cameron Winklevoss donated $2 million in Bitcoin to Donald Trump election campaign, opposing Biden’s anti-crypto policies.
• Trump, once a crypto critic, now supports Bitcoin, appealing to the crypto industry and its supporters.

Billionaire Winklevoss twins, Tyler and Cameron, co-founders of the cryptocurrency company Gemini, announced on Thursday their $1 million Bitcoin donation to support Donald Trump election campaign.

Winklevoss Twins Back Donald Trump Election Campaign with $1M Bitcoin Donation

The twins revealed their contributions on social media platform X, with Tyler Winklevoss criticizing President Joe Biden‘s administration for its stance on cryptocurrency. The move aligns them with other crypto executives endorsing the Republican candidate.

Tyler claimed the administration has “openly declared war on crypto” by using various government agencies to target the industry, and he praised Trump for being “pro-Bitcoin, pro-crypto, and pro-business.”

In February, Gemini settled allegations with U.S. and New York state financial regulators regarding unsafe practices. The New York Department of Financial Services mandated Gemini to return $1.1 billion to customers affected by a third party’s bankruptcy and imposed a $37 million fine.

Additionally, Gemini settled a lawsuit with the U.S. Securities and Exchange Commission for $21 million without admitting wrongdoing.

Trump Shifts to Pro-Crypto Stance

Trump has recently positioned himself as a crypto advocate, reversing his earlier criticisms. At a San Francisco fundraiser this month, he criticized Democratic attempts to regulate the sector. His new stance aims to appeal to crypto enthusiasts and wealthy industry executives.

Despite previously denouncing cryptocurrencies, calling Bitcoin a “scam” and warning of its potential to facilitate illegal activities, Trump’s views have evolved. Donald Trump election campaign now also allows crypto donations and Trump promises to help Bitcoin miners consolidate if he is elected.

Bitcoin

Cameron Winklevoss

Donald Trump

Donald Trump Election Campaign

Gemini

Joe Biden

tyler winklevoss

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Related Posts

• ACT Holdings Fully Distributed, Destroyed, or Sold by Developers
• Bitcoin Reserve Strategy Expected to Be Approved in Trump’s First 100 Days
• Bitfinex Securities Launched First Tokenized U.S. Treasury Bonds
• USDT Daily Net Inflow Surges Past $1.3 Billion
• Russian Crypto Mining Faces Ban Until 2031
• Vitalik Buterin Recently Deposited 2.09M STRK on Binance
• Bitcoin Fog Founder Was Sentenced to 12.5 Years in Prison
• Kraken Layer 2 Ink Launched Fault Proof and First Stage

News

Donald Trump Election Campaign Receives $2M Bitcoin Donation From Gemini

Key Points:

• Tyler and Cameron Winklevoss donated $2 million in Bitcoin to Donald Trump election campaign, opposing Biden’s anti-crypto policies.
• Trump, once a crypto critic, now supports Bitcoin, appealing to the crypto industry and its supporters.

Billionaire Winklevoss twins, Tyler and Cameron, co-founders of the cryptocurrency company Gemini, announced on Thursday their $1 million Bitcoin donation to support Donald Trump election campaign.

Winklevoss Twins Back Donald Trump Election Campaign with $1M Bitcoin Donation

The twins revealed their contributions on social media platform X, with Tyler Winklevoss criticizing President Joe Biden‘s administration for its stance on cryptocurrency. The move aligns them with other crypto executives endorsing the Republican candidate.

Tyler claimed the administration has “openly declared war on crypto” by using various government agencies to target the industry, and he praised Trump for being “pro-Bitcoin, pro-crypto, and pro-business.”

In February, Gemini settled allegations with U.S. and New York state financial regulators regarding unsafe practices. The New York Department of Financial Services mandated Gemini to return $1.1 billion to customers affected by a third party’s bankruptcy and imposed a $37 million fine.

Additionally, Gemini settled a lawsuit with the U.S. Securities and Exchange Commission for $21 million without admitting wrongdoing.

Trump Shifts to Pro-Crypto Stance

Trump has recently positioned himself as a crypto advocate, reversing his earlier criticisms. At a San Francisco fundraiser this month, he criticized Democratic attempts to regulate the sector. His new stance aims to appeal to crypto enthusiasts and wealthy industry executives.

Despite previously denouncing cryptocurrencies, calling Bitcoin a “scam” and warning of its potential to facilitate illegal activities, Trump’s views have evolved. Donald Trump election campaign now also allows crypto donations and Trump promises to help Bitcoin miners consolidate if he is elected.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]