Gemini CEO Tyler Winklevoss and his twin brother Cameron donated $1 million price of Bitcoin (BTC) every to Donald Trump’s 2024 presidential marketing campaign.
The presumptive Republican nominee’s marketing campaign lately began accepting cryptocurrency donations. In a posts on X, the Winklevoss brothers defined their assist for Trump.
I simply donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will probably be voting for him in November. Right here’s why:
Over the previous few years, the Biden Administration has brazenly declared battle in opposition to crypto. It has weaponized a number of authorities companies to bully, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
Tyler Winklevoss defined that the Biden administration has been hostile to crypto. He additionally highlighted that — whereas below his purview — United States authorities companies had been fairly aggressive in direction of crypto corporations:
The Biden Administration has brazenly declared battle in opposition to crypto. It has weaponized a number of authorities companies to bully, harass, and sue the great actors in our trade in an effort to destroy it.
Then again, Tyler Winklevoss claimed that presidential candidate Trump wish to strengthen the crypto sector and companies basically. He wrote:
President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business alternative. This isn’t even remotely open for debate. […]
It’s time for the crypto military to ship a message to Washington. That attacking us is political suicide. That is why I will probably be casting my vote for President Trump.
Who’re the Winklevoss twins?
The Winklevoss twins, Cameron and Tyler, are American entrepreneurs, buyers, and former Olympic rowers. Born on August 21, 1981, in Southampton, New York, they gained fame for his or her involvement within the early phases of Fb and their subsequent authorized battle with Mark Zuckerberg, the corporate’s founder.
The twins attended Harvard College, the place they met Zuckerberg. In 2004, they enlisted Zuckerberg to develop a social networking web site referred to as ConnectU, which they claimed he later used as the premise for Fb.
Since then, the Winklevoss twins have been actively concerned in varied enterprise ventures, notably within the cryptocurrency house. They based Winklevoss Capital Administration, a enterprise capital agency that invests in early-stage startups.
In 2014 they launched Gemini, a cryptocurrency change that permits customers to purchase, promote, and retailer digital property comparable to Bitcoin and Ethereum. The twins have additionally been sturdy advocates for the mainstream adoption of cryptocurrencies and have labored to ascertain regulatory frameworks for the trade.
Trump’s pro-crypto bid
The recognition of the Trump household in crypto circles isn’t a brand new development. Presidential candidate Donald Trump lately mentioned that he desires all Bitcoin to be mined in the USA. In late Could, he additionally expressed his assist for the cryptocurrency trade. He mentioned:
I’m very optimistic and open minded to cryptocurrency corporations and all issues associated to this new and burgeoning trade. […] Our nation have to be the chief within the subject, there isn’t a second place.
The previous president has been positioning himself because the candidate probably to assist the cryptocurrency trade if elected. The 15.47 BTC donations — valued at roughly $2 million complete — come as Trump ramps up his marketing campaign to retake the White Home within the November 2024 election.
The crypto trade is more likely to be a key situation, with the Biden administration pursuing tighter rules within the wake of a number of high-profile bankruptcies and scandals. The Winklevoss twins, early Bitcoin buyers who based the Gemini change, have been vocal proponents of cryptocurrency.
