Cameron and Tyler Winklevoss, founders of Gemini, have donated 188.45 bitcoin, valued at $21 million, to establish the Digital Freedom Fund PAC.
The announcement, made on August 20, positions the PAC as a political force to support candidates aligned with former President Donald Trump’s vision of making the United States the global leader in bitcoin and digital assets.
PAC objectives for 2026 midterms
The Digital Freedom Fund aims to back candidates who champion Trump’s pro-bitcoin policies, especially in races critical to maintaining Republican control of Congress.
Tyler Winklevoss emphasized the importance of these efforts, stating:
“If the Republicans lose either the House or Senate in the midterms on Nov. 3, 2026, then Democrats will have power to slow down and interfere with President Trump’s agenda.”
The PAC’s strategy includes identifying and supporting candidates in primary and general elections who are committed to advancing favorable bitcoin legislation.
focus on regulatory reform
The PAC advocates for a “thoughtful Market Structure legislation,” proposing a “Skinny Market Structure Bill” that prioritizes limited regulatory intervention.
Among its six core provisions is a “Bitcoin and Crypto Bill of Rights” that would codify rights to ownership, self-custody, and peer-to-peer transactions.
The PAC also seeks to protect software developers, drawing inspiration from Section 230 of the Communications Decency Act, and strongly opposes central bank digital currencies (CBDCs), labeling them “totalitarian technologies.”
support for regulatory initiatives
The Digital Freedom Fund has voiced support for SEC Chairman Paul Atkins’ “Project Crypto” and CFTC Acting Chairman Caroline Pham’s “Crypto Sprint,” both of which originated from recommendations in the July 2025 Presidential Working Group report.
Tyler Winklevoss described these regulatory proposals as transformative for the industry.
He also advocated for accessible regulatory processes for startups and plans to collaborate with other pro-bitcoin groups, including on the issue of de minimis tax exemptions for digital transactions.
