News View Non-AMP

Trump Campaign Refunds Excessive Bitcoin Donation from Winklevoss Twins

Published by
Elena R

Co-founders of the Gemini crypto exchange, Tyler and Cameron Winklevoss, recently made headlines by pledging $2 million in Bitcoin donations ($1 million each) to Donald Trump’s presidential campaign. However, this significant contribution exceeded federal legal limits. Each twin’s donation, amounting to 15.47 BTC, surpassed the individual campaign contribution cap of $844,600.

As a result, the Trump campaign had to refund the excess to comply with campaign finance regulations.

Here’s what you need to know.

Crypto-Friendly Trump for the Win?

In their public statements, the Winklevoss twins praised Trump for his positive stance on cryptocurrencies and his commitment to business freedom. Tyler Winklevoss likened Trump to the leader of a “crypto army,” encouraging the digital asset community to support the Republican nominee.

Their support for Trump also served as a critique of President Joe Biden’s administration. The twins accused the current administration of fostering hostility towards the crypto sector and stifling innovation through excessive regulations.

Political Funding, Crypto, and More

The Winklevoss twins’ large donation highlights the influence crypto leaders have on political funding strategies. Their support for Trump reflects a trend of industry experts backing political candidates who promise favorable regulatory environments for digital assets.

Also Read: Massive $54.2 Million Transfer Causes AVAX to Plummet 10%

What’s your take on this development?

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin Price Forecast: Can a Global Liquidity Recovery Trigger a Bitcoin Rally?

Currently, the Bitcoin market stands at least 22.94% below the all-time peak, and is around…

April 1, 2025

Grayscale Files for Crypto ETF – Will the SEC Approve?

Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital…

April 1, 2025

April & May: Historically Bullish Months for Ethereum (ETH), Analyst Predicts $3,000!

The biggest altcoin in the crypto market, Ethereum (ETH), has historically performed well in April…

April 1, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 1, 2025

United States Institute of Peace and Musk’s Financial Data Breakthrough: What It Means for U.S. Government Transparency

Elon Musk, a popular tech billionaire with a huge influence in the Donald Trump administration…

April 1, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana price could reach a potential high of…

April 1, 2025