Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign

The Winklevoss brothers have become two of the first big-name crypto CEOs to cross the campaign-contribution barrier that had kept big-time donations from the presidential race.

Crypto exchange Gemini is making two of the first major presidential contributions from prominent crypto executives, favoring former President Donald Trump with $1 million each in support, Tyler explained Thursday in a extensive posting on X.

"Over the past few years, the Biden Administration has openly declared war against crypto," Winklevoss began in the lengthy case against President Joe Biden's administration. "It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it."

Both brothers are now among the top individual donors to any candidate in the 2024 presidential race. Among presidential candidates, the Winklevosses had already donated to most of the prominent contenders that tried earlier to yank the Republican nomination out from under Trump: Vivek Ramaswami, Nikki Haley, Sen. Tim Scott (R-S.C.) and Florida Gov. Ron DeSantis (R).

"President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice," he concluded.

After Tyler Winklevoss announced his donation, his brother posted later that he'd also donated $1 million to Trump 47.

The money goes to the Trump 47 Committee Inc., a "joint fundraising committee" that may divide the amount to comply with legal limits for campaign contributions, a spokeswoman said. The committee is authorized to raise and spend unlimited sums to support Trump's campaign.

The brothers have – all along – donated matching amounts to U.S. election efforts. It was already a large sum that placed them among the major individual contributors in the 2024 campaigns. Before today, the two had given a total of about $2.7 million each, according to Federal Election Commission (FEC) disclosures.

The bulk of their donations went to the industry's main political action committee (PAC), Fairshake. Their combined $5 million represents a small but significant share of the Fairshake super PAC contributions that have now almost reached $169 million.

That money has been devoted to buying outside ads for congressional candidates in the hope of loading Congress with crypto supporters. Among the beneficiaries were Reps. Josh Harder (D-Calif.), Katie Porter (D-Calif.) and Scott Perry (R-Pa.).

The Winklevoss donations to Trump 47 join similar maxed-out contributions from Jeffrey Sprecher, the founder, chairman and CEO of Intercontinental Exchange (ICE), and his wife Kelly Lynn Loeffler, a former U.S. senator and CEO of Bakkt; Joe Ricketts, the founder and former CEO of TD Ameritrade; and Robert Bigelow, who owns Budget Suites of America and founded the now-defunct Bigelow Aerospace.

Nikhilesh De contributed reporting.

News source：https://www.kdj.com/cryptocurrencies-news/articles/winklevoss-twins-trump-presidential-campaign.html

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