Winklevoss Brothers Tyler and Cameron Received Refunds for Their Bitcoin Contributions to the Trump Campaign

According to Bloomberg News, the Winklevoss twins—Tyler and Cameron—get partial payments after donating more Bitcoin (BTC) than allowed to the Trump

The Winklevoss twins, Tyler and Cameron, each donated $1 million in Bitcoin (15.47 BTC) to the Trump presidential campaign on X, formerly known as Twitter, according to a report by Bloomberg News.

However, the donations exceeded the maximum $844,600 per person that the Trump committee was permitted to receive under federal law.

A campaign official told the outlet that the Winklevoss duo received a refund for the amount that went over the limit.

It remains unclear whether the committee, which received the donation on behalf of presidential candidate Trump, reimbursed the funds in Bitcoin or another currency.

Tyler Winklevoss clarified the donation in a post on X, stating that President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice.

He accused the Biden administration of having “openly declared war against crypto.” He stated that the administration has “utilized a number of government agencies to harass, bully, and sue the decent actors in our industry in an effort to destroy it.”

The Winklevoss donation of $2 million is a response to Donald Trump’s criticism of the Democratic Party’s efforts to regulate the cryptocurrency and Bitcoin sector during a fundraiser with tech executives in San Francisco earlier this month. Trump has recently positioned himself as a proponent of these technologies.

Senior campaign adviser Brian Hughes told Bloomberg News that “Crypto innovators and others in the technology sector are under attack from Biden and Democrats.”

“President Trump is prepared to foster American leadership in this and other emergent technologies, while Biden stifles innovation with increased regulation and taxes.”

Trump’s relationship with cryptocurrency is complex. He never faked liking Bitcoin, despite the fact that he tended to affect markets during his first spell as US president between 2017 and 2021.

He tweeted in 2019 that he was not a devotee of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air. Trump further stated that “unregulated crypto assets can facilitate unlawful behavior, including drug trafficking and other illegal activity.”

Twitter has since removed the tweet. Later that year, he described BTC as “extremely risky.” He seems to have adopted Bitcoin more recently.

News source：https://www.kdj.com/cryptocurrencies-news/articles/winklevoss-brothers-tyler-cameron-received-refunds-bitcoin-contributions-trump-campaign.html

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