The Winklevoss twins have previously supported Trump’s 2024 campaign and the Fairshake PAC, believing the funding will promote crypto-friendly policies like market structure reform and tax exemptions for small transactions. Their increasing political clout has led to invitations to Trump’s inauguration, a White House crypto summit, and recognition during the signing of the GENIUS Act.
Gemini Founders Support Trump
Cameron and Tyler Winklevoss, the co-founders of Gemini, have made one of the largest individual political donations in cryptocurrency history, contributing over 188 Bitcoin — approximately $21 million — to the Digital Freedom Fund PAC in support of US President Donald Trump’s pro-crypto initiatives. They mentioned that this contribution aims to help secure a Republican majority in Congress for the 2026 midterm elections, push for market structure legislation, and advocate for measures like a de minimis tax exemption on smaller Bitcoin and crypto transactions.
The Digital Freedom Fund PAC was established on July 11 and is led by treasurer Janna Rutland. It has affiliations with other Republican-aligned groups, including a nonprofit linked to former presidential candidate Vivek Ramaswamy. The Winklevosses’ recent contribution of $21 million seems significant, especially since it corresponds with Bitcoin’s capped supply of 21 million coins.
Their backing has increased their political visibility, garnering invitations to Trump’s inauguration and a recent White House crypto summit. Trump notably recognized their support during the bipartisan GENIUS Act signing. They also endorsed stablecoins in July, and have made investments in American Bitcoin, a mining enterprise associated with Trump’s family, further solidifying their financial ties with the administration.
However, the Winklevosses recently parted ways with Trump’s agenda by encouraging reconsideration of Brian Quintenz’s nomination as chair of the US Commodity Futures Trading Commission. The White House has since requested the Senate Agriculture Committee to postpone Quintenz’s nomination, even as numerous crypto organizations have voiced strong support for his confirmation.
