Key Takeaways:
- The Winklevoss twins pledged $1 million in Bitcoin each to support Donald Trump’s reelection campaign, emphasizing him as the “pro-Bitcoin” candidate.
- They criticized President Biden’s administration for its anti-crypto stance and highlighted SEC enforcement actions against crypto under his leadership.
- Trump’s campaign has embraced crypto donations despite his previous negative comments about Bitcoin, and he has engaged with major crypto industry figures.
The Winklevoss twins, founders of Gemini, have each pledged $1 million in Bitcoin to support former President Donald Trump’s reelection campaign.
They announced their support on June 20, emphasizing Trump as the “pro-Bitcoin” and “pro-crypto” candidate while criticizing President Joe Biden for his administration’s anti-crypto stance.
I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:
— Tyler Winklevoss (@tyler) June 20, 2024
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 labeled anyone disputing Trump’s pro-crypto position as “delusional.”
The twins highlighted SEC enforcement actions against crypto under Biden and accused his administration of targeting crypto firms through Operation Choke Point 2.0.
Despite Trump’s legal issues and previous negative comments about Bitcoin, the Winklevoss twins attended a high-cost fundraiser for him and have also contributed $5 million to a political action committee supporting various candidates.
Trump’s campaign has embraced crypto donations, and he has engaged with major mining executives and NFT supporters.
JUST IN: 🇺🇸 Donald Trump says "to further secure America's future and create opportunity for young people, I will end Joe Biden's war on crypto."
— Bitcoin Magazine (@BitcoinMagazine) June 18, 2024
"We will ensure that the future of crypto and the future of #Bitcoin will be made in America, otherwise other countries are going to… pic.twitter.com/NmmM2J3kIq
President Biden is also reportedly considering cryptocurrency for his reelection campaign.
The endorsement received mixed reactions, with some questioning Trump’s genuine support for crypto.
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