The co-founders of the cryptocurrency exchange Gemini, Cameron and Tyler Winklevoss, have stated that they sent over $21 million worth of Bitcoin to a political action committee (PAC), explicitly indicating their desire to assist U.S. President Donald Trump in advancing the cryptocurrency agenda under a Republican-controlled Congress.
Tyler Winklevoss mentioned in a post on X on Wednesday that they donated over 188 Bitcoins (BTC) to the Digital Freedom Fund PAC, which was valued at approximately $21 million at the time.
According to the Gemini co-founders, the goal of this donation is to "support President Trump and his administration" in their efforts on crypto policy by attempting to influence the 2026 U.S. midterm elections, supporting market structure legislation, and "fighting" for other issues related to digital assets and blockchain.
The Winklevoss brothers stated, "The Digital Freedom Fund will work with other groups that also support cryptocurrency to seek to identify and support other issues, such as a minimum tax exemption for Bitcoin (tax-free status for gains below a certain amount) and other cryptocurrency transactions, which will unleash the potential of these technologies, our industry, and America. Our private stance on these issues will always align with our public stance."
This Bitcoin donation comes more than a year ahead of the next major federal election in the U.S. (November 2026). After losing control of the U.S. Senate and many House seats to the Republicans in 2024, as well as the presidency, many Democrats have been focusing on the next election to regain power.
According to records from the Federal Election Commission, the Digital Freedom Fund PAC was established on July 11, with Janna Rutland as the treasurer. She has reportedly been involved with several other PACs and organizations, including a nonprofit associated with former Republican presidential candidate Vivek Ramaswamy.
The Winklevoss brothers have also played a role in Trump's election by donating approximately $2 million in Bitcoin to his 2024 campaign. The recent $21 million donation is likely a tribute to Bitcoin's total supply limit of 21 million coins.
They also personally donated about $5 million to Fairshake PAC, which has spent over $130 million in 2024 supporting congressional candidates it believes "support cryptocurrency" and opposing those it labels as "anti-cryptocurrency." Fairshake stated in July that it has raised $141 million for U.S. elections, including the 2026 midterms.
After publicly supporting and financially contributing to Trump's 2024 candidacy, the Winklevoss brothers were invited to inauguration events and attended the White House cryptocurrency summit in March. The president acknowledged their support during the signing ceremony of the "Guidance and Establishment of the American Stablecoin National Innovation Act" (GENIUS) in July, which passed Congress with bipartisan votes.
Reports indicate that the Winklevoss brothers have also deepened their financial ties to Trump by investing in American Bitcoin, a cryptocurrency mining company associated with the president's family.
It has been reported that the Gemini co-founders requested Trump to reconsider the nomination of Brian Quintenz as chairman of the U.S. Commodity Futures Trading Commission, creating a rift in Trump's cryptocurrency agenda. The president nominated Quintenz in February, and the brothers initially supported this move in social media posts.
About a day before this report was published, the Senate Agriculture Committee stated that the White House requested to delay consideration of Quintenz's nomination. The Winklevoss brothers' action seems to have put them at odds with several cryptocurrency and blockchain organizations, which wrote a letter on Wednesday supporting the confirmation of Quintenz's nomination.
Related: Gemini aims for Nasdaq listing as financial losses raise concerns
Original article: “Winklevoss Brothers Donate $21 Million in Bitcoin (BTC) to Trump-Supporting Political Action Committee, Boosting U.S. Midterms”
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