The Winklevoss twins, Cameron and Tyler, co-founders of Gemini, a cryptocurrency exchange, made headlines when they each donated $1 million in Bitcoin, totaling $2 million, to former US President and current presidential candidate, Donald Trump. The donations were announced on the twins’ official X platform accounts, with Tyler justifying his actions by citing Joe Biden’s adversarial stance towards the cryptocurrency industry.
Tyler Winklevoss stated, “I just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and I will vote 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 prosecute the good players in our industry.”
Similarly, Cameron Winklevoss revealed his donation and reasons for supporting Trump, stating, “I also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will vote for him in November. DR – President Trump is: Pro-Bitcoin Pro-Crypto Pro-Business And he will end the Biden administration’s war on crypto. Forward!”
In a surprising turn of events, Donald Trump announced that his electoral campaign for the 2024 elections will now accept donations in various cryptocurrencies, marking a new phase in his relationship with blockchain technology. This decision comes after Trump expressed a more favorable view of cryptocurrencies in February this year, recognizing Bitcoin as an “asset in its own right” and declaring that he could “live with it”. The campaign detailed that it will accept coins such as Bitcoin, Ethereum, Tether, Solana, USDC, XRP, Dogecoin, Cardano, SHIB, and Avalanche, as a strategy to attract a younger, more technologically inclined audience.
The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
