Trump Campaign Gets A Crypto Kick: $1 Million Bitcoin From Winklevoss Twins

Share This Post

In a bold political move, the Winklevoss twins, renowned for their early investment in Bitcoin and co-founding the cryptocurrency exchange Gemini, have each contributed $1 million in Bitcoin to the reelection campaign of former President Donald Trump, Reuters reported. This hefty endorsement highlights a significant intersection between the worlds of cryptocurrency and politics, raising eyebrows and stirring debates on both fronts.

Crypto Kings Endorse Trump

Cameron and Tyler Winklevoss are no strangers to making headlines. This time, they’ve done it by diving into the political arena, backing a candidate who once called Bitcoin a scam but has since rebranded himself as the ‘Crypto President.’ Each twin sent 15.47 BTC, translating to about $1 million, to bolster Trump’s campaign efforts.

Tyler Winklevoss didn’t mince words, praising Trump as “pro-Bitcoin” and “pro-crypto,” while accusing President Joe Biden of waging a regulatory war against the crypto industry. He pointed to a series of enforcement actions by the US Securities and Exchange Commission (SEC) during Biden’s administration, dubbing it “Operation Choke Point 2.0.”

“The Biden Administration has tried to tear all of this down. I’m not going to stand by idly and let them. I’m going to continue fighting for what I know to be so right,” The Guardian quoted him as saying.

Trump’s Crypto Conversion

Trump’s stance on cryptocurrency has seen a dramatic evolution. In 2021, he infamously labeled Bitcoin a scam, yet now he is courting the crypto community with open arms. This transformation is not just rhetoric; Trump’s campaign is actively accepting cryptocurrency donations, and he’s been rubbing shoulders with major players in the crypto and mining industries.

Meanwhile, Trump’s newfound support for cryptocurrency has also garnered international attention. Nayib Bukele, the President of El Salvador and a vocal Bitcoin advocate, has endorsed Trump’s bid. This international dimension underscores the growing global influence of cryptocurrency and its potential to shape political dynamics beyond the US.

Crypto’s Rising Political Clout

The Winklevoss twins’ endorsement of Trump signals a broader trend: cryptocurrency is becoming an essential part of the US political landscape. As candidates from both major parties engage with the industry to varying extents, the debate around crypto regulation is heating up. Biden’s administration has been criticized for its stringent regulatory measures, which some view as stifling innovation and growth within the crypto sector.

Despite facing 34 felony charges with a scheduled sentencing hearing in July, Trump’s political influence remains undiminished. His high poll ratings suggest that his pivot towards embracing cryptocurrency might resonate with a significant voter base, especially those disillusioned with Biden’s regulatory approach.

Featured image from Page Six, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

The Best Crypto to Buy as Bitcoin DeFi is Projected to Unlock Billions in BTC

Now is the perfect time to look for the best crypto to buy, as unleashing Bitcoin into the DeFi protocol could add billions to BTC’s liquidity pool A recent report from Moulik Nagesh of Binance

POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype

The post POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype appeared first on Coinpedia Fintech News Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after

Pi Network Faces Pressure as KYC Deadline Closes In, Whales Pick Up Web3 Mobile Competitor Trading at $0.0045

The post Pi Network Faces Pressure as KYC Deadline Closes In, Whales Pick Up Web3 Mobile Competitor Trading at $00045 appeared first on Coinpedia Fintech News Pi Network (PI) has become a household

Near Protocol Price Prediction 2025, 2026 – 2030: NEAR Price To Record 2X Surge?

The post Near Protocol Price Prediction 2025, 2026 – 2030: NEAR Price To Record 2X Surge appeared first on Coinpedia Fintech News Story Highlights The live price of the Near Protocol token is

XRP Price Prediction: Can XRP Grasp $5 as Democrats Try to Stop Crypto Reserve Plan

The post XRP Price Prediction: Can XRP Grasp $5 as Democrats Try to Stop Crypto Reserve Plan appeared first on Coinpedia Fintech News With bullish signals flashing and traders eyeing a potential push

Best New Crypto to Buy as Trump Plans Binance Investment and Turns Bitcoin Maximalist

Changpeng Zhao isn’t exactly the stereotypical criminal But the Binance founder did plea guilty, back in 2023, to violating anti-money-laundering (AML) laws And as such, he is a convicted felon