Winklevoss Twins Give $2 Million Bitcoin Boost to Trump’s Campaign
The billionaire Winklevoss twins, founders of the crypto firm Gemini, announced on Thursday that they had each contributed $1m in Bitcoin to support presidential candidate Donald Trump.
Tyler and Cameron Winklevoss revealed their contributions on social media platform X. They did not specify what address they sent the Bitcoin to.
Tyler Winklevoss cited the Biden Administration’s aggressive “war against crypto” as his reason to support Trump. “It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it,” he said.
He further mentioned that under Biden, the SEC has failed to establish any new regulations for the cryptocurrency industry. This has left 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 Additionally, he criticized the SEC for relying on outdated rules that were formulated decades ago, long before widespread telephone use and over half a century before the advent of the internet.
I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:
Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
Aside from the Winklevoss twins, the crypto industry has voiced widespread criticism against SEC Chair Gensler and the Biden administration for their strict regulatory stance on digital assets. The SEC has initiated legal actions against numerous prominent crypto entities in recent years.
Meanwhile, Republican presidential nominee Trump has shown support for the industry by starting to accept crypto
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