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The Winklevoss Twins Donates 30.94 BTC ($2M) to Donald Trump, Pledges to Vote for Him.

Trump has turned Biden's unfriendly disposition towards cryptocurrency into a tool to gain an advantage over the president in the coming election.

winklevoss twins

Gemini founders and the most famous twins in the crypto sector, Tyler and Cameron Winklevoss, have donated $2 million in Bitcoin (30.94 BTC) to Republican presidential candidate and crypto enthusiast Donald Trump. The Winklevoss twins revealed this move in a tweet on Thursday while pledging to vote for the pro-bitcoin contestant in the upcoming elections.

One of the twins, Tyler Winklevoss, took a bold stance by publicly declaring his support for former President Donald Trump. He justified this decision by highlighting the current president’s hostile stance towards digital currencies, which he believes is detrimental to innovation in the country.

“Over the past few years, the Biden administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it. This administration’s actions have been nothing short of an unprecedented abuse of power wielded entirely for twisted political gain at the complete expense of innovation, the American taxpayer, and the American economy,” Tyler said.

Cameron then backed his brother’s stance, pledging to meet his $1 million donation and also vote for Trump in November. Cameron described Trump as “Pro-Bitcoin,” “Pro-Crypto,” and “Pro-Business.”

Trump’s Winning Over the Crypto Community

Trump’s friendly disposition towards digital assets, whether it’s a strategic move or a genuine stance, has resonated with the crypto community. He has used the strict regime the crypto sector experienced during Joe Biden’s tenure to position himself as a better option in the November election.

The Securities and Exchange Commission (SEC) took several actions that the crypto sector saw as an abuse of power during Biden’s administration, owing to the president’s clear anti-crypto disposition. Exchanges like Gemini, Binance, Coinbase, Robinhood, and Uniswap faced lawsuits from the US top regulator over what they saw as unclear and unnecessary.

Since the campaign, Donald Trump has prided himself on being the Bitcoin savior, making several comments that show he would provide clearer regulations for the crypto sector. On June 13, Trump tweeted that Bitcoin mining may be the US’s last defense against central bank digital currency (CBDC), and he wanted all the remaining Bitcoin to be made in the USA.

Analysts have predicted that Bitcoin will hit $150,000 by the end of the year if Donald Trump wins the presidential election in November. The election has been captioned as the first Bitcoin election in US history.

Elendu Benedict

Elendu Benedict is a professional writer with sheer competence in crypto-related journalism. With a background in Engineering, Benedict specialises on news related to ETFs, market analysis, and macroeconomic policies that affects the crypto market.