Gemini co-founders Cameron and Tyler Winklevoss have each pledged $1 million in Bitcoin towards the reelection of former U.S. President Donald Trump.
In June 20 posts on X, the Winklevoss twins announced their intention to vote for Trump, the prospective Republican Party candidate for U.S. President on Nov. 5.
They committed to sending 15.47 BTC each — approximately $1 million at the time — to his campaign. Both brothers emphasized that Trump was “pro-Bitcoin” and “pro-crypto,” while criticizing President Joe Biden for allegedly declaring “war against crypto” during his tenure.
“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” Tyler Winklevoss stated. “This is not even remotely open for debate.
Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth […] It’s time for the crypto army to send a message to Washington. That attacking us is political suicide.”
Tyler highlighted the U.S. Securities and Exchange Commission’s actions against crypto firms under the Biden administration and the “weaponization of the banking system against crypto companies” — a nod to Operation Choke Point 2.0.
The twins, however, did not mention regulatory actions during Trump’s presidency from 2017 to 2021.
The Winklevoss brothers reportedly attended a June fundraiser for Trump, costing up to $300,000 per person.
Additionally, they have donated about $5 million to the Fairshake political action committee and its affiliates, which have been responsible for attack ads against lawmakers and supporting specific Democratic and Republican candidates.
The twins’ announcement did not address Trump’s conviction on 34 felony counts in May, potentially complicating his reelection bid.
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Despite leading the polls as the Republican presidential candidate, Trump faces a sentencing hearing in New York on July 11, just before the party nomination.
In recent months, amid his legal challenges, Trump has hosted a dinner for those who purchased an NFT of his mugshot from a Georgia criminal case, announced his campaign’s acceptance of crypto donations, and met with executives from major mining firms, expressing his intention to have all BTC mined in the U.S.
Meanwhile, President Biden is also reportedly considering accepting cryptocurrency for his reelection campaign.
Reactions on X were mixed; some supported the Winklevoss’ endorsement, while others questioned Trump’s commitment to crypto, suggesting he might be influenced by Robert F. Kennedy Jr, a crypto-friendly Independent candidate for 2024.
Trump had previously called Bitcoin a scam in 2021 after leaving office.
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