Cameron and Tyler Winklevoss, founders of the cryptocurrency exchange Gemini, have stated that they have donated over $21 million worth of Bitcoin to a political action committee (PAC) to support U.S. President Trump's cryptocurrency policies.
Tyler Winklevoss stated in a post on X on Wednesday that they contributed over 188 Bitcoins (worth about $21 million) to the Digital Freedom Fund PAC. The donation aims to support the cryptocurrency policy of the Trump administration affecting the 2026 midterm elections and to advance market structure legislation.
The foundation will collaborate with other pro-crypto groups to identify and support issues such as Bitcoin tax exemptions. The Winklevoss brothers emphasized that their stance on these issues has been consistent.
This donation is more than a year before the 2026 U.S. federal elections. After losing the majority in the Senate and the presidency in 2024, the Democratic Party is looking forward to reclaiming power in the next election.
According to Federal Election Commission records, the Digital Freedom Fund PAC was established on July 11, with Janna Rutland serving as treasurer, who has been involved in several PACs and organizations.
The Winklevoss brothers also donated approximately $2 million in Bitcoin to Trump's 2024 campaign. The recent $21 million donation may be a tribute to the total supply of 21 million Bitcoins.
Is Gemini buying political influence?
After publicly supporting and financially backing Trump's 2024 campaign, the Winklevoss brothers were invited to participate in the inauguration event and the White House cryptocurrency summit. President Trump acknowledged their support when he approved the GENIUS Act.
Reports indicate that the Winklevoss brothers have also invested in U.S. Bitcoin companies related to the Trump family. The brothers have also urged Trump to reconsider the appointment of Brian Quintenz, a move that has drawn attention from cryptocurrency and blockchain organizations.
