Winklevoss twins donate 2 million to Trump alleging Bidens attack on cryptocurrency sector

Gemini co-founders Cameron and Tyler Winklevoss have each committed $1 million in Bitcoin (
BTC
) to aid in the reelection of former U.S. President Donald Trump.
In a post on June 20 X, the Winklevoss twins announced that they intended to support the potential Republican Party candidate for U.S. President on Nov. 5, stating that they would each contribute 15.47 BTC — approximately $1 million at the time of publication — to his campaign. Both brothers argued that Trump was “pro-Bitcoin” and “pro-crypto,” while President Joe Biden had “openly declared war against crypto” during his tenure.
“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” declared Tyler. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth […] It’s time for the crypto army to send a message to Washington. That attacking us is political suicide.”


Source:
Tyler Winklevoss
Tyler specifically mentioned the U.S. Securities and Exchange Commission’s enforcement actions against crypto firms under the Biden administration and the “weaponization of the banking system against crypto companies” — a reference to Operation Choke Point 2.0. The twins did not mention the regulator’s activity under Trump from 2017 to 2021.
The Winklevoss brothers reportedly
attended
a June fundraiser for Trump, costing up to $300,000 per person. They have also
donated roughly $5 million
to the Fairshake political action committee and its affiliates, which has been
responsible for attack ads
against lawmakers and backing certain Democratic and Republican candidates for office.
Related:
Trump promises to become the ‘crypto president’ — Law Decoded
The twins’ announcement did not mention Trump’s
conviction on 34 felony counts
in May, which could interfere with the former president’s attempt to run again. Though he leads the polls as the prospective Republican presidential candidate, Trump will face a sentencing hearing in New York on July 11 — less than a week before he is expected to secure the official party nomination.
In the last two months amid his legal troubles, Trump has
hosted a dinner
for people who purchased a non-fungible token of his mugshot in a criminal case in Georgia, said his campaign will accept donations in crypto and met with executives from major mining firms — the last of which resulted in Trump announcing his intention to have
all BTC mined
in the United States. President Biden has also reportedly been considering having his reelection campaign accept cryptocurrency.
Many on X seemed supportive of the Winklevoss’ endorsement. However, some
questioned
Trump’s intentions on crypto and whether he was looking to learn from the example of Robert F. Kennedy Jr, a crypto-friendly candidate running as an Independent in 2024. Trump also called Bitcoin a scam in 2021 after he had left office.
Magazine:
Crypto voters are already disrupting the 2024 election — and it’s set to continue