Tyler and Cameron Winklevoss donated over 188 bitcoins worth approximately 21 million USD to the Digital Freedom Fund to promote the U.S. as a global cryptocurrency hub.
This fund focuses on midterm election campaigns, supporting laws for the cryptocurrency market, opposing central bank-issued digital currencies, and protecting the freedom of development for the U.S. cryptocurrency industry.
MAIN CONTENT
Winklevoss donated 188.4547 bitcoins, worth nearly 21 million USD, to support the Digital Freedom Fund.
The fund aims for victory in the midterm elections and promotes positive laws for cryptocurrency.
The 'Crypto Project' in collaboration with the SEC and CFTC helps reinforce the U.S. leading position in cryptocurrency.
Why did Tyler and Cameron Winklevoss donate a large amount of bitcoin to this fund?
The decision of the two co-founders of Gemini reflects their commitment to advancing the U.S. as the world's leading cryptocurrency hub.
They hope that through the Digital Freedom Fund, they will strengthen the U.S. position by influencing cryptocurrency-related policies, helping this industry grow more freely and sustainably amid increasing laws and regulations.
The donation of a large amount of bitcoin is also aimed at encouraging the cryptocurrency community and investors to join in supporting this common goal.
What strategic areas does the Digital Freedom Fund focus on?
The fund focuses on political and legal activities that promote the interests of the U.S. cryptocurrency industry.
Specifically, the fund will finance campaigns in the midterm elections representing candidates who prioritize reasonable cryptocurrency laws. In addition, the fund opposes central bank-issued digital currencies (CBDCs) to protect user privacy and financial freedom.
Additionally, the fund supports the 'Crypto Project' – a collaboration between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – to build a transparent and efficient market structure for cryptocurrency.
All these contributions are an important step to protect freedom and technological innovation in the United States, creating a golden era for the country's cryptocurrency industry.
Tyler Winklevoss, Co-founder of Gemini, August 2023
What is the 'Crypto Project' and how does it impact the U.S. cryptocurrency industry?
The 'Crypto Project' is a collaborative initiative between the SEC and CFTC to enhance effective regulation without hindering the development of cryptocurrency technology.
This initiative promotes a clear legal framework, minimizes overlap and conflicts between regulatory bodies, thereby encouraging investment and innovation. This helps the U.S. maintain its leading position in the global cryptocurrency field while protecting investor rights and promoting transparency.
The project also strengthens relationships among stakeholders in the industry, from regulators and businesses to end users, creating a sustainable development environment.
What is the call to action from the Winklevoss brothers to the cryptocurrency community?
Tyler and Cameron Winklevoss have called for collaboration from the cryptocurrency community to promote a brilliant development phase for the industry in the United States.
They emphasize that only through coordination among developers, investors, legal experts, and users can a political-legal environment be built that protects the freedom to innovate and develop technology while ensuring market safety.
This move opens up opportunities for the community to actively contribute to policy processes, thereby creating collective strength to build the future of the U.S. cryptocurrency industry.
Frequently Asked Questions
What are the main goals of the Digital Freedom Fund?
The fund aims for victory in midterm elections, promotes suitable cryptocurrency laws, and protects the freedom of the industry.
Why oppose central bank-issued digital currencies?
CBDCs can pose risks to privacy and centralized financial control, affecting user freedom and innovation.
What is the purpose of the 'Crypto Project' in collaboration with the SEC and CFTC?
This is an initiative to build an effective legal framework, reduce conflicts between regulatory bodies to promote cryptocurrency development.
What does Winklevoss's donation mean for the U.S. cryptocurrency industry?
How is the cryptocurrency community being called to participate?
The community is invited to join hands in promoting laws and policies to create a positive development environment for the industry.
Source: https://tintucbitcoin.com/winklevoss-ung-ho-188-btc-chinh-sach/
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