Winklevoss Twins Donate $1 Million Each in Bitcoin (BTC) to Donald Trump's 2024 Presidential Campaign

The presumptive Republican nominee's campaign recently started accepting cryptocurrency donations.

Republican presidential candidate Donald Trump has begun accepting cryptocurrency donations for his 2024 campaign, and prominent Bitcoin (BTC) early investors are among the first to show their support.

Gemini CEO Tyler Winklevoss and his twin brother Cameron each donated $1 million in Bitcoin to Trump’s campaign on June 20. The donations, which are valued at about 15.47 BTC each, were highlighted in posts on X by the Winklevoss brothers.

I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:

Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and… pic.twitter.com/qOQSpmanBR

— Tyler Winklevoss (@tyler) June 20, 2024

In their posts, the Winklevosses explained their reasons for supporting Trump, largely centering on his stance towards the crypto industry. Tyler Winklevoss highlighted the Biden administration’s hostility towards crypto and the use of government agencies to target crypto firms.

"Over the past few years, the Biden Administration has openly declared war against crypto," wrote Tyler Winklevoss, adding that the administration has been "weaponizing multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it."

On the other hand, Winklevoss claimed that Trump "wants to strengthen crypto and business in general. This is not even remotely open for debate. […] 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."

Related: Trump says he wants all Bitcoin to be mined in the United States

The Winklevoss twins, Cameron and Tyler, are American entrepreneurs, investors, and former Olympic rowers. Born on August 21, 1981, in Southampton, New York, they are best known for their early involvement in Facebook and their subsequent legal battle with the company’s founder, Mark Zuckerberg.

The twins attended Harvard University, where they met Zuckerberg in 2003. They enlisted his help to develop a social networking site called ConnectU, which they later claimed Zuckerberg used as the basis for Facebook when he launched the platform in 2004.

After a lengthy legal dispute, the Winklevoss twins and ConnectU co-founder Divya Narendra settled with Facebook for $65 million in cash and 1.27 million shares of common stock in the company. The settlement also included the dismissal of their claims against Zuckerberg.

Since then, the Winklevoss twins have been actively involved in various business ventures, particularly in the cryptocurrency space. They founded Winklevoss Capital Management, a venture capital firm that invests in early-stage startups across industries.

In 2014 they launched Gemini, a cryptocurrency exchange that allows users to buy, sell, and store digital assets such as Bitcoin and Ethereum. The twins have also been strong advocates for the mainstream adoption of cryptocurrencies and have worked to establish regulatory frameworks for the industry.

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

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