Renowned Crypto Exchange Founders Bolster Political Action with Bitcoin Donation
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Winklevoss Twins Contribute to Digital Freedom Fund PAC
Tyler and Cameron Winklevoss, the visionary founders behind the US-based cryptocurrency exchange, Gemini, have made waves by contributing a substantial $21 million in Bitcoin (188.45 BTC) to the Digital Freedom Fund Political Action Committee (PAC). This donation aims to advance former President Donald Trump’s ambition of transforming America into the global epicenter for cryptocurrency.
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Championing a Progressive Bitcoin & Crypto Bill of Rights
Recently, Tyler Winklevoss took to X (previously known as Twitter) to express their unwavering dedication to the strides made since the President’s tenure commenced earlier this year. He highlighted the administration’s consistent delivery on campaign commitments and their shared vision of preserving the principles of the “American Golden Age” while ensuring the effective execution of Trump’s agenda.
The Digital Freedom Fund PAC is strategically focused on securing triumphs in the forthcoming midterm elections. The Winklevoss twins are committed to identifying and supporting candidates who align with Trump’s cryptocurrency vision. They argue that losing Republican control of the House or Senate in November 2026 could impede the administration’s ability to pursue its pro-crypto policies, and they are resolved to combat this potential roadblock.
Furthermore, the Winklevoss twins stress the importance of drafting legislation that fosters a robust market structure for cryptocurrencies. They advocate for laws that safeguard essential freedoms, allowing the industry to thrive without burdensome restrictions. Central to their mission is the proposal of a Bitcoin & Crypto Bill of Rights, aimed at ensuring individuals’ rights to own, self-custody, and transact with digital assets.
Collaborative Efforts to Establish the US as a Digital Asset Leader
In opposition to the deployment of Central Bank Digital Currencies (CBDCs), the Winklevosses advocate for legislation that protects personal liberties and curtails governmental overreach. They also emphasize the necessity for equitable access to banking services, asserting that financial services should be available to all without bias based on political or religious beliefs.
The duo perceives the recent publication of the President’s Working Group report on digital financial technology as a crucial juncture for the crypto sector. They believe the report’s recommendations, coupled with the proactive leadership of US Securities and Exchange Commission (SEC) Chairman Paul Atkins, could position the United States as a dominant global force in the cryptocurrency arena.
In their quest for a fair competitive landscape, the Winklevoss twins reject any form of regulatory capture that might create hurdles for new entrants in the crypto market. They argue that market entry costs should be reasonable, contrasting the relatively affordable process of business registration in the US with the prohibitive expenses faced in countries such as Haiti.
The Winklevosses remain open to forming alliances with other pro-crypto entities to identify additional opportunities that could further unleash the potential of cryptocurrencies within the United States. This is in line with the exchange’s already publicized plans to initiate an initial public offering (IPO) on the New York Stock Exchange (NYSE), reflecting the increasing trend of crypto firms pursuing similar paths in the US.
Bitcoin’s Recent Market Trends
At the time of writing, Bitcoin is trading at $113,980, marking a 6% decline over the past week and an 8% decrease from its all-time high of $124,000 recorded on August 14.
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