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

Crypto Liquidations Surpasses $600M as Bitcoin Price Teases $94k

Heavy liquidations of short traders have triggered a short squeeze in the wider crypto market…

April 23, 2025

XRP Price Analysis Today: Is a Bullish Wave to $3 Confirmed?

Renewed interest in XRP  has hinted at a potential market reversal from a multi-week correction.…

April 23, 2025

Ethereum Price Analysis Today: key Short-term Targets for ETH to Consider Ahead

On-chain data shows whales have been accumulating Ether relentlessly in the last few days. ETH…

April 23, 2025

Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market

The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral,…

April 23, 2025

Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It

After weeks of sideways action, Bitcoin and Ethereum are finally showing strong signs of recovery.…

April 22, 2025

As $25 Billion Remains Locked on L2s, Diffuse Shows How That Capital Could Do More

As of April 2025, over $25 billion in assets sit across Ethereum’s Layer 2 (L2)…

April 22, 2025