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Billionaire Bitcoin investors Cameron and Tyler Winklevoss, best known for founding the Gemini crypto exchange, announced they have donated $21 million worth of Bitcoin to a new political action committee (PAC). The PAC, named the Digital Freedom Fund, openly aligns with Republicans. Its mission is to defeat Democrats and bolster Republican efforts ahead of the 2026 midterm elections. The Winklevoss twins contributed 188.45 BTC, roughly $21.5 million, to launch the fund. Tyler Winklevoss said the donation will support candidates who champion “President Trump’s crypto agenda” in primaries and midterm races. The brothers warned that a Democratic takeover of the House or Senate could threaten Trump’s initiatives. Tyler suggested that Democrats, based on past actions, might resort to tactics he described as “bad-faith,” including impeachments and lawsuits. Their policy priorities focus on advocating for a light-touch, regulation-lite “skinny” crypto bill, blocking the creation of a US central bank digital currency, and ensuring protections for developers to build open-source tools without liability risks safely. The Winklevosses also emphasized the need for a “Bitcoin and Crypto Bill of Rights” to safeguard fundamental principles such as self-custody, peer-to-peer transfers, and clear ownership rights. For them, these measures are more than policy—they represent the foundation of what they call an “American Golden Age.” Winklevoss twins break from bipartisan crypto lobbying The decision sets them apart from much of the crypto industry. Others, like Fairshake, which raised over $300 million in 2024, have tried to remain bipartisan, backing Republicans and pro-crypto Democrats. The Winklevoss twins, however, have taken a different route. They have explicitly tied their new PAC to Trump’s reelection campaign and Republican victories, convinced that a GOP-led Congress is the only path to achieving their goals. Their hardline approach signals a shift in crypto politics. While many executives still frame their lobbying as “agnostic,”…

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Filed under: News - @ August 21, 2025 2:27 am