Key Takeaways
- Winklevoss twins have donated $2 million in Bitcoin to Donald Trump.
- The twins criticized the Biden Administration for its anti-Bitcoin stance.
- They believe Trump's pro-Bitcoin stance is crucial for the industry's future.
Tyler and Cameron Winklevoss, co-founders of Gemini exchange, have donated 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump’s campaign.
Both twins announced on their X accounts that they contributed 15.47 BTC each to support Trump and to combat what they see as the Biden Administration’s anti-Bitcoin stance.
Tyler Winklevoss criticized the Biden Administration for its approach towards the industry, accusing it of using government agencies to stifle innovation and target Bitcoin companies. He states:
The Biden Administration has consistently attacked American business across the board and villainized its greatest heroes.
He cited “Operation Choke Point 2.0,” alleging federal agencies pressured banks to avoid Bitcoin businesses, which he argues harms the American economy and innovation.
Cameron Winklevoss stated:
I also just donated $1 million in Bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November. Here’s the TL;DR — President Trump is: Pro-Bitcoin, Pro-Crypto, Pro-Business.
Tyler further criticized the SEC for not establishing clear regulations for Bitcoin, claiming that outdated laws are being applied instead. He believes this approach hampers the growth of digital assets.
The Winklevoss twins believe that Trump’s pro-Bitcoin and pro-business stance is crucial for the industry’s future.
Tyler emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth. He concluded:
President Donald J. Trump is the pro-Bitcoin, pro-business choice. This is not even remotely open for debate. It’s time for the Bitcoin community to send a message to Washington that attacking us is political suicide.
