Winklevoss, co-founder of the cryptocurrency exchange Gemini, has contributed over 188 Bitcoin worth approximately 21 million USD to the Digital Freedom Fund to support cryptocurrency-friendly leaders in the midterm elections in the United States.
This fund aims to help President Donald Trump maintain control of Congress, promote cryptocurrency-friendly policies, and protect the rights of software developers in the industry.
MAIN CONTENT
Winklevoss contributed 188.4547 BTC (21 million USD) to the Digital Freedom Fund.
The fund focuses on helping President Trump maintain a majority in the Senate and House of Representatives.
The fund supports protecting software developers, promoting open banking, and tax exemptions applicable to cryptocurrency transactions.
What is the reason Winklevoss supports the Digital Freedom Fund?
Winklevoss believes the Trump administration has the potential to make the United States a global cryptocurrency hub. They appreciate the commitments made by the previous administration regarding the cryptocurrency sector and expect those advancements to continue.
This significant contribution aims to promote cryptocurrency-friendly leaders in Congress, creating a stable and favorable legal framework for the market to develop.
What key areas will the fund focus on during the midterm elections?
The fund wants to ensure that President Trump and the Republican Party maintain control of the Senate and House of Representatives, which is crucial for passing legislation related to cryptocurrency such as the GENIUS Act.
Additionally, the fund emphasizes the rights of software developers, highlighting that responsibility should lie with those who cause problems, not honest programmers.
"Our goal is to continue advancing unprecedented progress and momentum in the cryptocurrency sector, supporting President Trump's efforts to continue leading the golden age of the United States."
Tyler Winklevoss, co-founder of Gemini, 2024
What does the Digital Freedom Fund support for the banking and cryptocurrency finance industry?
The fund is committed to promoting an open banking model to help the cryptocurrency industry access fairer and more transparent banking services.
The fund also collaborates with like-minded organizations to propose tax incentives, such as tax exemptions for Bitcoin transactions and other tokens, to promote the popularity and growth potential of the cryptocurrency industry in the United States.
"The fund will collaborate with cryptocurrency advocacy groups to support policies such as de minimis tax exemptions, unlocking the potential of technology, industry, and the United States."
Official announcement of the Digital Freedom Fund, 2024
Frequently Asked Questions
How much Bitcoin has Winklevoss contributed to the Digital Freedom Fund?
They donated 188.4547 Bitcoin, equivalent to approximately 21 million USD, to support cryptocurrency-friendly policies.
What cryptocurrency policies does the fund focus on?
The fund prioritizes maintaining Republican control of Congress, promoting open banking, and tax exemptions for cryptocurrency transactions.
Why are the rights of software developers emphasized by the fund?
The fund believes that responsibility should lie with individuals who violate the law, not with honest software developers.
Does the fund have affiliations with any other groups?
The fund collaborates with like-minded organizations to promote policy and spread cryptocurrency more widely.
What political influence does the Digital Freedom Fund aim for?
The main goal is to help President Trump and the Republican Party maintain a majority in the Senate and the House of Representatives in the 2024 midterm elections.
Source: https://tintucbitcoin.com/gemini-tang-1885-btc-cho-quy/
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