Gemini’s Winklevoss Twins Donate $21M in Bitcoin to PAC Backing Trump’s Crypto Push
Highlights
- Winklevoss twins donate $21M in Bitcoin to support Trump’s crypto vision.
- Digital Freedom Fund focuses on pro-crypto legislation and fair market policies.
- Winklevoss brothers are advocating against Central Bank Digital Currencies (CBDCs).
Tyler and Cameron Winklevoss, co-founders of the cryptocurrency exchange Gemini, have donated $21 million in Bitcoin (188 BTC) to the Digital Freedom Fund PAC. This move is a direct effort to support President Donald Trump’s vision of making the United States a global leader in cryptocurrency.
Gemini Founders Winklevoss Twins Back Trump Crypto Vision
The Winklevoss twins are expressing strong support for President Trump’s crypto agenda through this substantial donation. Their goal is to continue the momentum they believe the administration has made in advancing crypto policies. According to Tyler Winklevoss, the donation aims to ensure that Trump’s plans for the future of the industry progress.
The twins have specifically mentioned their concern about the midterm elections in 2026 and the potential impact on Trump’s agenda if the Republicans lose control of the Senate or the House. This follows Gemini’s IPO filing to list on the Nasdaq under the symbol “GEMI.”
In a statement shared on X, Tyler Winklevoss said, “We want the American Golden Age and we are ready to fight for it.” The Digital Freedom Fund, a PAC established by the Winklevoss brothers, is set to focus on critical issues such as promoting Bitcoin and crypto legislation, preventing regulatory overreach, and ensuring continued development in the industry. Their donations will help fund efforts to back candidates and support legislative moves that align with their vision.
Support for Crypto-Friendly Legislation
One of the key objectives of the Digital Freedom Fund is to advocate for pro-crypto regulations, which would guarantee the ability to advance the industry without undue regulation.
The Gemini founders have stressed the importance of establishing a certifying law, a “Skinny Market Structure Bill”, that would ease regulations to facilitate progress but avoid its excessive complexity. This law would provide equal treatment to industries and would not lead to an extreme form of regulation, which may counter growth in the market.
The Winklevoss twins have also demanded certain legal safeguards, such as a Bitcoin and Crypto Bill of Rights. This would ensure that individuals have the right to possess, custody, and dealings with Bitcoin and other cryptocurrencies without governmental regulations.
They also campaign in favor of software developer protection, saying that developers should not be responsible for the crimes of bad actors who abuse technology.
Fighting Against Central Bank Digital Currencies
Another priority for the Winklevoss twins’ agenda focuses on combating Central Bank Digital Currencies (CBDCs). They have expressed their objections that CBDCs might give rise to stronger state regulation over personal financial operations, depriving people of their freedom.
The Gemini founders believe the implementation of CBDCs violates personal liberties and undermines the decentralized nature of cryptocurrency. Among their legislative objectives, they are therefore trying to ensure that the introduction of such digital currencies in the U.S. is discouraged.
They are also lobbying to ensure that all individuals and businesses involved in cryptocurrency have fair access to banking services. Among these is the move to implement laws that will enable crypto companies to access the banking system, without discrimination due to their ideologies. Notably, this follows the Gemini founder’s revelation that JPMorgan paused the reboarding of their crypto exchange.
- BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing
- SEC Issues Guidance Enabling Ripple, Coinbase, BitGo to Qualify as Custodians
- Fed’s Goolsbee Cites Inflation Worries in Case Against Further Rate Cuts
- David Schwartz To Step Down as Ripple CTO, Delivers Heartfelt Message to XRP Community
- Michael Saylor Reveals Strategy’s Endgame To Accumulate $1 Trillion Bitcoin For Its Treasury
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
