The two twin founders of the crypto-exchange Gemini, Tyler and Cameron Winklevoss, have announced that they have donated 2 million dollars in Bitcoin to Donald Trump. This support will serve to end the war against cryptocurrencies promoted by the Biden administration and to make Trump the first “pro-crypto President”.
Summary
Gemini: the Winklevoss and the donation of $2 million in Bitcoin to Donald Trump in favor of crypto
The two twin founders of Gemini, Tyler and Cameron Winklevoss, have announced that they donated 1 million dollars each in Bitcoin to Donald Trump.
This total sum of 2 million dollars in BTC, will then be followed by their vote in the November elections, as a strong support to believe in Trump as the first President of the United States pro-bitcoin, pro-crypto, and pro-business.
Specifically, Tyler Winklevoss’s long tweet also aims to provide all the information on why supporting Trump would also mean putting an end to the war on crypto promoted by the Biden administration.
“I just donated 1 million dollars in bitcoin (15.47 BTC) to @realDonaldTrump and I will vote for him in November. Here’s why: In recent years, the Biden administration has openly declared war on cryptocurrencies. It has weaponized various government agencies to intimidate, harass, and sue the good actors in our industry in an attempt to destroy it. The actions of this administration have been nothing short of an unprecedented abuse of power, exercised entirely for a twisted political gain at the expense of innovation, American taxpayers, and the American economy. At this point, the Biden administration can do or say nothing to pretend otherwise.”
Even the twin Cameron joined the conversation by sharing his brother’s tweet:
“I also just donated 1 million dollars in bitcoin (15.47 BTC) to @realDonaldTrump and I will vote for him in November. Here is the point of the situation: President Trump is..:Pro-Bitcoin, pro-cryptography, pro-business. And he will end the Biden administration’s war against cryptocurrencies. Forward!”
Gemini: the Winklevoss brothers support Donald Trump as the first “crypto President”
Returning to Tyler Winklevoss’s long tweet, there are several highlights that refer to how the Biden administration has unleashed the war on crypto, while Trump will become the first “Crypto President”.
In this regard, Winklevoss twin describes Operation Choke Point 2.0 involving federal agencies OCC and FDIC, to instruct banks behind closed doors not to include crypto companies. This de-banking operation of legal but ideologically unwelcome sectors, would have started during the Obama administration, when Joe Biden was vice president and then was reinforced against crypto with the Biden administration.
Furthermore, the Winklevoss twin then spoke about the weapon of the Securities and Exchange Commission (SEC) of the Biden administration against cryptocurrencies. What emerges from the speech is that the lack of regulatory clarity on the crypto sector is indeed a deliberate choice.
“By assuming the ridiculous position that almost all cryptocurrencies are securities, Biden’s SEC has given itself the plausibility and carte blanche to file lawsuits against any crypto project and company in the United States. The game is simple. Make compliance impossible, then sue everyone who doesn’t comply. And that’s exactly what Biden’s SEC has done over and over again to the good actors in the sector. Instead of drafting rules for cryptocurrencies – something that could be done in a few days – the rules will be written over years by judges and juries who will determine that the SEC acted in bad faith and was always wrong.”
On the contrary, when Tyler from Gemini talks about Trump, he describes him as the ‘pro-Bitcoin, pro-crypto and pro-business’ choice. Finally, the Winklevoss twins invite their followers to follow their choice of voting for Trump in the 2024 presidential elections.
Donations in crypto and the favorite for the 2024 USA presidential elections
It was May 2024, when the election campaign of Donald Trump started to accept donations in Bitcoin, Ethereum and other crypto.
In practice, the website of the former President of the USA has announced that the presidential candidate accepts donations in crypto.
Users can choose between the different options and, in the case of crypto, donations are supported by Coinbase and MetaMask.
In the meantime, on Polymarket, the crypto traders continue to bet 56% that Trump will win the elections. On the contrary, the bets of the crypto traders on Joe Biden’s victory are at 34%.
