Key Insights
- Cameron and Tyler Winklevoss each donated $1 million in bitcoin to Donald Trump’s 2024 presidential campaign.
- The Winklevoss twins cited concerns about the Biden administration’s crypto policies as a reason for their support.
- Trump’s campaign recently began accepting cryptocurrency donations, positioning him as a crypto-friendly candidate.
NEW YORK (MarketsXplora) – Cryptocurrency entrepreneurs Cameron and Tyler Winklevoss have each donated $1 million worth of bitcoin to former U.S. President Donald Trump’s 2024 presidential campaign, the twin brothers announced on social media platform X on Thursday.
The donations, totaling approximately 30.94 bitcoin at current market rates, come as Trump seeks to position himself as the crypto-friendly candidate in the upcoming election.
Tyler Winklevoss, CEO of cryptocurrency exchange Gemini, cited what he called the Biden administration’s “war against crypto” as a key reason for his support. In a detailed post, he accused the current government of using regulatory agencies to “bully, harass, and sue” industry players.
Read also! Kraken Founder Donates $1 Million in Crypto to Trump Campaign
“President Trump is pro-bitcoin, pro-crypto, pro-business,” Cameron Winklevoss stated in his announcement, echoing his brother’s sentiments.
The substantial contributions follow Trump’s recent move to accept cryptocurrency donations for his campaign, marking a shift in the former president’s stance on digital assets.
Read also! Donald Trump may speak at the Bitcoin 2024 conference in Nashville
This development highlights the growing intersection of cryptocurrency and U.S. politics, with industry leaders increasingly vocal about regulatory approaches. The Winklevoss twins, early bitcoin investors and well-known figures in the crypto space, have now placed themselves at the forefront of this political-financial nexus.
As the 2024 presidential race heats up, the role of cryptocurrency in campaign finance and policy platforms is likely to remain a closely watched issue.
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