- Winklevoss twins donate $2 million to fund Trump’s Presidential campaign
- The Gemini founders had to come up with just 30.94 BTC to get to the amount
- The initiative seeks to promote crypto and help stave off Biden’s war against crypto
$2 Million Donation in BTC
The Winklevoss twins have donated $2 million to Donald Trump’s Presidential campaign. The money was sent out in Bitcoin, and the number of tokens was just 30.94. The initiative seeks to help the crypto industry advance by spotlighting the need for regulation and guardrails in the novel market.
President Trump has been a vocal supporter of Bitcoin. In his recent speeches, he’s made sure to touch upon the importance of backing crypto assets and how vital it was for the industry to thrive in the US.
The donations also underscore the transparency in handling Bitcoin transactions. Because all payments are public on the blockchain, they are visible to anyone. The twins hope to advocate for a favorable stance on Bitcoin and crypto assets when it comes to regulatory frameworks.
Ending the War on Crypto
On the other hand, the Winklevoss twins, who co-founded crypto exchange Gemini, believe that supporting Trump would “put an end to the Biden Administration’s war on crypto.” During Biden’s tenure as President, the crypto community didn’t see much progress on the regulatory front.
Instead, the Securities and Exchange Commission and the Commodity Futures Trading Commission, the two agencies responsible for guarding investors, largely bounced back and forth without any clear guidance or structure over the developments of the crypto industry in the US.
