Trump Gains $1 Million Each from Winklevoss Twins for 2024 Campaign

Gemini CEO Tyler Winklevoss and his twin brother Cameron Winklevoss, the company’s president, have made notable contributions to former President Donald Trump’s campaign. Each donated $1 million, making them the first major presidential contributions from prominent crypto executives. Tyler Winklevoss detailed this in a lengthy post on X.

Opposition to Biden Administration’s Crypto Policies

Tyler Winklevoss strongly opposed President Joe Biden’s administration, accusing it of hostile actions against the crypto industry. “Over the past few years, the Biden Administration has openly declared war against crypto,” Winklevoss began. “It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it.”

Last year, the U.S. Securities and Exchange Commission targeted Gemini in a case alleging the exchange offered unregistered securities. Tyler Winklevoss referred to this as a “manufactured parking ticket.” His support for Trump stems from a desire to counter Biden’s policies.

Tyler Winklevoss emphasized Trump’s favorable position on cryptocurrencies. “President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he concluded. Both brothers took advantage of Trump’s acceptance of crypto contributions, each donating 15.47 bitcoin. The donations went to the Trump 47 Committee Inc., a joint fundraising committee that may distribute the funds to comply with legal limits for campaign contributions, potentially benefiting various Republican entities.

The Winklevoss twins’ significant contributions highlight their commitment to influencing the political landscape in favor of more crypto-friendly policies.