š Winklevoss Twins Refunded for Exceeding Bitcoin Donation Limit to #Trump š
The Winklevoss twins, founders of Gemini, were refunded after their Bitcoin donations to Donald Trumpās campaign exceeded legal limits. They each announced $2 million in Bitcoin donations on social media, surpassing the $844,600 legal limit per person.
It's unclear if the Trump 47 Committee returned the excess in Bitcoin or cash. This committee typically deals with larger contributions and splits the funds among Trumpās campaign, his legal bill-paying PAC, the Republican National Committee, and 42 GOP state party committees.
The Winklevoss brothers also attended a pricey Trump fundraiser and have donated significantly to other political action committees. Their Gemini exchange users recently regained access to their funds after issues with Gemini Earn. New York Attorney General Letitia James recovered about $50 million for defrauded users, and Gemini agreed to return $1.1 billion to customers through the Genesis bankruptcy settlement.
Trumpās acceptance of Bitcoin donations highlights the growing relationship between his campaign and the crypto industry, which seeks lighter regulations.