web3.0Cameron and Tyler Winklevoss Donated $1 Million Each in Bitcoin to Donald Trump\'s Reelection Campaign
The twins, who founded the Gemini cryptocurrency exchange, publicly stated their support. Despite their enthusiasm, the Trump campaign was forced to refund
Bitcoin enthusiasts Cameron and Tyler Winklevoss are among the prominent donors to former President Donald Trump's reelection campaign. Recently, they made headlines with their $1 million crypto contributions each to Trump. However, these substantial donations, intended to bolster Trump's pro-crypto stance, are now being refunded due to exceeding the federal donation limit permitted to a candidate.
The twins, who founded the Gemini cryptocurrency exchange, made their support for Trump evident. But despite their enthusiasm, the Trump campaign had to refund the amount above the legal donation cap, which is $844,600 per individual.
An official from the campaign, speaking on the condition of anonymity, confirmed the refund process without specifying whether it was returned in cryptocurrency or its fiat equivalent. Such limits are crucial to maintain fairness and transparency in electoral financing.
The Winklevoss twins provided direct support for Trump, who has been touted before by many to have an approach to the regulation of assets within the cryptocurrencies that they favor, and cited Trump's motivation for their support. Recently, Tyler Winklevoss expressed his support for Trump on the social media platform X, where he declared Trump as the “pro-Bitcoin, pro-crypto, and pro-business choice.”
Trump's campaign has been utilizing his campaign-related tools to appeal to the voters from the crypto community and those who feel that the current administration is overregulating them.
Also read: Barron Trump Launched DJT Token & Hold Private Key: Shkreli
News source：https://www.kdj.com/cryptocurrencies-news/articles/cameron-tyler-winklevoss-donated-bitcoin-donald-trump-reelection-campaign.html
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