Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, have announced a substantial political donation to former U.S. President Donald Trump’s reelection campaign.
The twin brothers pledged $1 million each in Bitcoin (approximately 15.47 BTC each), citing Trump’s pro-crypto stance and alleging President Joe Biden’s administration has waged a campaign against the cryptocurrency industry.
In a statement, Tyler Winklevoss, called out the Biden administration for having a ‘war against crypto,’ stating that they use official agencies such as the SEC to regulate the crypto space. The twins particularly addressed Operation Choke Point 2.0, arguing it abuses crypto companies via the banking sector hindering innovation and impacting American taxpayers and the economy.
Trump has recently announced plans to have all Bitcoin mined in the United States and hosted events supporting the industry. The Winklevoss twins have also contributed approximately $5 million to the Fairshake political action committee, supporting candidates across party lines.
The duo of Cameron and Tyler Winklevoss siding with Trump has received both support and criticism from the crypto community while some people consider Trump a favorable candidate for the industry that may benefit Bitcoin, others wonder about his reliability and statements about Bitcoin.
The Winklevoss twins’ support for Trump is because they consider him the most suitable president to defend the crypto industry against over-aggressive actions from the government and regulations.
Also Read: Scammers Target Trump 2024 Campaign with Crypto Donation Frauds
