Tyler and Cameron Winklevoss Backed Trump with $21M in Bitcoin Donations

TLDR

• The Winklevoss twins donated over 188 bitcoins worth $21 million to the Digital Freedom Fund PAC.
• The donation is intended to support Donald Trump’s crypto policies and political allies during the upcoming midterm elections.
• Tyler Winklevoss stated that the PAC’s mission is to make America the crypto capital of the world.
• The twins are lobbying for a Skinny Market Structure Bill to prevent dual regulation of crypto assets.
• They also proposed a Bitcoin and Crypto Bill of Rights to protect ownership and peer-to-peer transactions.

The founders of Gemini, Tyler and Cameron Winklevoss, have contributed over 188 bitcoins worth $21 million to the Digital Freedom Fund PAC. The donation is designed to support former President Donald Trump’s crypto policies and political allies during the approaching midterm elections. The Winklevoss twins confirmed the donation on Wednesday through a public announcement.

Winklevoss Twins Push Trump Crypto Vision Forward

The Winklevoss brothers stated that the fund will back Trump’s vision of making America a global hub for cryptocurrency innovation. Tyler Winklevoss emphasized, “The mission of the @FreedomFundPAC is to help realize President Trump’s vision of making America the crypto capital of the world.” They underscored their continued lobbying for legislative changes favoring the crypto industry.

The PAC, established in July, has not yet released a full accounting of donors, according to the Federal Election Commission website. However, the Winklevoss twins believe their financial backing will reinforce momentum for policy shifts. They also pointed to the need for a balanced regulatory framework that encourages innovation.

In this context, they have urged Congress to advance “thoughtful Market Structure legislation.” The Winklevoss brothers continue to argue that overlapping oversight by the SEC and CFTC burdens developers and stifles progress. Instead, they advocate for simpler regulations that allow builders to operate without excessive compliance costs.

Push for Market Structure and Rights

The Winklevoss twins are now calling for a “Skinny Market Structure Bill” that prevents dual regulation of crypto assets. They argue that such legislation would provide clarity and stability to digital asset companies and ensure fair treatment across the industry.

Tyler Winklevoss explained, “Builders don’t need more paperwork that requires them to hire lawyers, consultants, and lobbyists.” He added that entrepreneurs require protection, fairness, and the removal of unnecessary government interference. This position aligns with their longstanding vision for a freer crypto economy.

In addition, the Gemini co-founders propose a “Bitcoin and Crypto Bill of Rights.” The plan would guarantee Americans’ right to own, self-custody, and transact in digital assets. It also emphasizes opposition to a central bank digital currency.

Expanding Political Engagement

Beyond policy lobbying, the Winklevoss twins are aligning resources to support Trump-aligned candidates. They insist the PAC will bolster political forces sympathetic to cryptocurrency innovation and claim such candidates will help secure long-term structural reforms.

The Winklevoss brothers further stress the importance of open banking access regardless of political or religious beliefs. They argue that developers should not be punished for others’ code misuse. Their remarks indirectly reference Operation Choke Point 2.0 and the Tornado Cash trial.

Previously, the Winklevoss twins donated $2 million in bitcoin to Trump’s 2024 campaign and $3.5 million in bitcoin to MAGA Inc. Super PAC. Their latest $21 million contribution signals a growing role in shaping the intersection of politics and cryptocurrency.