Winklevoss brothers donated USD $2 million in Bitcoin to finance Donald Trump’s campaign – DiarioBitcoin

The Winklevoss brothers openly showed their support for Trump in his race for the US presidency, and made harsh criticisms of the Biden administration and its actions to the detriment of the local crypto ecosystem.

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• Tyler and Cameron Winklevoss expressed their support for Trump in his race for the US presidency.
• Each one financed their campaign with USD $1 million in Bitcoin
• Tyler harshly criticized the Biden administration, detailing attacks against the crypto sector
• The comments reinforce the thesis that crypto will be an important issue in the next presidential elections

Tyler and Cameron Winklevoss, founders and CEOs of the US-based international exchange, Gemini, revealed that each one donated USD $1 million in Bitcoin to finance Donald Trump’s campaign in his race for the presidency of the North American nation.

Financing Donald Trump’s campaign

The revelation came about in an extensive publication on the social network regulators under the management of Joe Biden.

In this regard, Winklevoss assures that the Biden administration “has openly declared war on cryptocurrencies“, using government agencies as a weapon to intimidate good actors in the crypto sector. “This administration’s actions have been nothing short of an unprecedented abuse of power, exercised entirely for twisted political gain at the expense of innovation, the taxpayer, and the American economy.”

“There is nothing the Biden administration can do or say at this time to pretend otherwise,” Winklevoss assures, referring to the changes seen in recent months by the president himself and certain agencies such as the Securities and Exchange Commission (SEC).

I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:

Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and… pic.twitter.com/qOQSpmanBR

—Tyler Winklevoss (@tyler) June 20, 2024

In addition to what has already been mentioned, Winklevoss also criticized certain aspects:

• The use of the US banking system to reduce the possibilities of companies in the crypto sector, as well as the harsh sanctions on those financial entities that provided services to people and companies that had exposure to digital currencies.
• The figure of the SEC as the main spearhead against crypto companies and projects. Criticism of its refusal to think about laws and regulations appropriate for the ecosystem, and trying to impose rules that date back to the 1940s despite clear differences with the securities sector.
• The deterioration of enforcement agencies and the lack of appropriate judgment when placed under the direction of people chosen by the Biden administration. This has significantly affected the local economy, generating losses and the closure of very lucrative opportunities for many industries within the country.

For all this and other aspects exposed, both Tyler and Cameron decided to support Trump’s campaign for the US presidency, ensuring that it is “the pro-Bitcoin, pro-crypto and pro-business option“something that they do not contemplate debating with anyone, and inviting their followers to replicate the example and offer their vote in defense of the digital currency ecosystem.

Crypto is now a central topic

Tyler Winklevoss’ statements come at a very interesting time for the political landscape in the US, since in view of the elections to be held in November, the crypto issue is gaining a lot of importance in debates and public participation.

The one who seems to be very aware of this is Trump, who has addressed very precise comments to the crypto community. He assures that if elected he will respect the rights of investors, he will advocate for the self-custody of Bitcoin and other digital currencies, will support crypto mining activities and work to ensure that the future of the sector is in the US.

On Biden’s side there have also been actions. For example we have the apparent change in the perspective of SEC, who approved ETFs Ethereum in cash and is about to authorize the launch of these products on the stock market.

Article by Angel Di Matteo / DailyBitcoin

Picture of DailyBitcoin, free to use, under public domain license

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.