Winklevoss Brothers Return Excess Bitcoin Campaign Donation

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The Winklevoss brothers, founders of cryptocurrency company Gemini, donated $1 million each in Bitcoin to Donald Trump’s presidential campaign.

However, this exceeded the legal limit of $844,600 for individual political contributions. As a result, they refunded $311,400 in total ($155,400 each) to comply with campaign finance laws.

A campaign official, speaking anonymously, clarified that each of the Winklevoss twins received a refund of $155,400 for their excess donation. Whether this refund was in Bitcoin or its cash equivalent remains uncertain. The Trump campaign has been open to Bitcoin donations, reflecting former President Trump’s support for the cryptocurrency community.

Contributions from donors like the Winklevoss twins are distributed among Trump’s campaign, his leadership political action committee, the Republican National Committee, and 42 state GOP committees.

These donations come amidst Trump’s alignment with the crypto community and his opposition to Democratic efforts to regulate the industry. The Winklevoss twins, known for their Bitcoin investments, have publicly supported Trump, describing him as a “pro-Bitcoin” and “pro-crypto” candidate.

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