Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, have donated 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump's campaign. Both Cameron and Tyler Winklevoss announced on their X accounts that they contributed 15.47 BTC ($1 million) each to Trump to "put an end to the Biden Administration's war on crypto," Cameron stated, stemming from the twins' discontent with the Biden Administration's stance on cryptocurrency regulation.
JUST IN: Winklevoss twins donated 30.94 #Bitcoin worth over $2 million to Donald Trump to "put an end to the Biden Admin's war on crypto." ???????? pic.twitter.com/cHD2ENnqZM
— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024
Tyler Winklevoss criticized the Biden Administration for its hostile approach towards the crypto industry, accusing it of weaponizing government agencies to stifle innovation and target crypto companies. "The Biden Administration has consistently attacked American business across the board and villainized its greatest heroes," he stated. He then further highlighted the administration's actions, including "Operation Choke Point 2.0," where federal agencies allegedly pressured banks to avoid crypto businesses. Tyler argued that these tactics are detrimental to the American economy and innovation.
"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," Cameron stated.
Tyler also lambasted the Securities and Exchange Commission (SEC) for not establishing clear regulations for cryptocurrencies, instead opting to apply outdated laws. He contended that the SEC's approach hampers the utility and growth of digital assets.
The Winklevoss twins believe that Trump's pro-Bitcoin and pro-business stance is crucial for the future of the crypto industry in the country. 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.
"President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice. This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth," Tyler concluded. "It’s time to take our country back. It’s time for the crypto army to send a message to Washington. That attacking us is political suicide. This is why I will be casting my vote for President Trump in November and I hope you will too. Onward!"
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