Tyler Winklevoss and Cameron Winklevoss, the co-founders of the crypto exchange Gemini, have donated $21 million in Bitcoin to the Digital Freedom Fund political action committee.
Summary
- Tyler Winklevoss and Cameron Winklevoss have donated $21 million in Bitcoin to the Digital Freedom Fund PAC.
- The donation is in support for efforts to make America the crypto capital of the world.
Gemini’s Tyler Winklevoss announced the donation of $21 million in Bitcoin (BTC) on Wednesday, noting the move aligns with their quest to help bring President Donald Trump’s vision of the United States as the crypto capital of the world.
The donation of 188.4547 BTC to the Digital Freedom Fund PAC comes as the crypto industry gears up once more for a key role in supporting crypto-friendly lawmakers to win seats in the upcoming midterm elections.
Winklevoss twins support America’s crypto dream
While winning the midterms will be a crucial step for the PAC, Tyler said via X that their overall goal is to boost efforts toward supporting crypto innovation in the U.S. President Trump and his administration have taken steps toward delivering this vision of “America’s Golden Age.”
Digital Freedom Fund eyes not just the House and Senate elections set for midterms on November 3, 2026, but also other critical pillars of Trump’s crypto agenda. These include support for legislative efforts, fighting any move for central bank digital currencies, and backing for the U.S. Securities and Exchange Commission’s Project Crypto initiative.
Also in the mix is the Commodity Futures Trading Commission’s “Crypto Sprint.”
“We will fight for thoughtful Market Structure legislation that enshrines the freedoms that will allow the crypto industry to thrive and avoids the pitfalls of overregulation, bloated licensing regimes, and increased red tape that only serves to choke off innovation, grow the Regulatory Industrial Complex, and empower the swamp,” Tyler wrote on X.
Crypto backed super PACs
Gemini’s co-founders, among the prominent and OG figures of the crypto industry, are also eyeing support for a Bitcoin & Crypto Bill of Rights.
Also bearing in mind the recent split guilty verdict against Tornado Cash (TORN) developer Roman Storm, funds for the Digital Freedom Fund will go toward supporting self-custody and peer-to-peer transactions platforms, as well as efforts to protect software developers.
The Winklevoss twins endorsed and donated $1 million each to Trump’s campaign in June 2024, and also backed crypto-friendly Senator Cynthia Lummis for reelection.
Meanwhile, Fairshake, the crypto industry’s influential super PAC that helped many lawmakers win seats in the last election, announced in July that it held over $141 million. The committee, which held over $116 million in January, received huge support from across the crypto space, including $25 million from Coinbase. The Winklevoss twins donated $4.9 million to Fairshake in February 2024.
The PAC holds its funds in liquid assets such as crypto, stocks, and cash.
