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.
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“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.
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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.