Winklevoss Twins Donate 188 Bitcoins to PAC

Tyler and Cameron Winklevoss, the twin founders of the Gemini crypto exchange in New York, have announced a donation of over 188 bitcoins, valued at approximately $21 million, to the Digital Freedom Fund PAC. This contribution aims to bolster President Donald Trump's support for the cryptocurrency sector as the U.S. gears up for a potentially contentious midterm election cycle. Tyler Winklevoss shared the announcement via X, stating, "The mission of the @FreedomFundPAC is to help realize President Trump’s vision of making America the crypto capital of the world. Since his inauguration, the President and his Administration have upheld their campaign promises, and we want to ensure this momentum continues." Additionally, Tyler indicated that he and Cameron plan to advocate for crucial legislative and regulatory reforms within the crypto industry. Formed on July 11, the Digital Freedom Fund has yet to publicly disclose its complete donor list, according to the Federal Election Commission. The Winklevoss brothers are particularly focused on promoting a “thoughtful Market Structure legislation” and a “Skinny Market Structure Bill” to avoid dual regulation of crypto assets by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Tyler explained that such legislation aims to establish permanent legal clarity and reduce government overreach, allowing innovators to focus on development without unnecessary bureaucratic hurdles. Furthermore, Tyler supports the creation of a “Bitcoin & Crypto Bill of Rights” to establish Americans’ rights to own and transact in digital assets. They also express concern over central bank digital currencies, which could be a tool for governmental overreach. The brothers assert that all Americans should have access to banking services, regardless of political or religious beliefs, and that software developers shouldn't be held liable for how their code is used. The Winklevoss twins express commitment to promoting fair market practices and denounce any strategies that favor certain companies over others. Cameron Winklevoss recently voiced opposition to the nomination of a16z executive Brian Quintenz for the CFTC, citing potential conflicts of interest. In their continued support for Trump-aligned candidates, Tyler noted the significant impact of Trump’s past victory in setting the stage for rapid implementation of his agenda. The twins had previously donated $2 million in bitcoin to Trump’s campaign in 2024, with additional donations to super PACs supporting him. Acknowledging their longstanding involvement, they envision a prosperous future for America, pledging to fight for a continued Golden Age for the nation, underscoring their dedication to the intersection of politics and cryptocurrency.