Gemini cryptocurrency exchange co-founders, Cameron Winklevoss and Tyler Winklevoss, have donated 188.4547 Bitcoin (BTC), valued at about $21 million, to the Digital Freedom Fund PAC. The recently created Digital Freedom Fund PAC received strategic funding from the Winklevoss brothers to help crypto-friendly leaders be elected during the upcoming midterm elections in the United States.
According to the announcement, the funds are crucial to enabling President Donald Trump to make the United States the crypto capital of the world. Moreover, President Trump has delivered on several crypto promises since his re-election for a second term.
“We want this unprecedented progress and momentum to continue. Our goal is to support President Trump and his Administration’s efforts to continue to usher in America’s Golden Age,” Tyler noted.
The Digital Freedom Fund will primarily focus on enabling President Trump to retain control of both the Senate and the House of Representatives in the upcoming midterm elections. Furthermore, President Trump has managed to deliver on his campaign cryptocurrency promises, including the GENIUS Act, largely due to the Republicans’ control in the Senate and the House of Representatives.
The Digital Freedom Fund will also focus on advocating for the protection of software developers. According to the Winklevoss brothers, liability should not fall on software developers but on the specific bad actors.
With the latest funding, the Digital Freedom Fund will help fight for open banking to enable a fair access to banking services for the crypto industry. The Digital Freedom Fund will work with other similar funds to facilitate the common goal of enabling mainstream adoption of digital assets.
“The Digital Freedom Fund will work with similarly aligned pro-crypto groups and look to identify and support other issues, like the de minimis tax exemption for bitcoin and other crypto transactions, that will unleash the potential of these technologies, our industry, and America. And our private position will always be the same as our public position on these matters,” the announcement highlighted.
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