Crypto Kings Endorse Trump

The Winklevoss twins, renowned for their early investment in Bitcoin and co-founding the cryptocurrency exchange Gemini, have each contributed $1 million in Bitcoin

Bitcoin (BTC) maximalists and cryptocurrency exchange co-founders Cameron and Tyler Winklevoss have each donated $1 million in Bitcoin to former US President Donald Trump’s 2024 reelection campaign, according to a Reuters report on June 20.

The twin brothers are known for their early investment in Bitcoin and co-founding the cryptocurrency exchange Gemini. Their hefty endorsement marks a significant intersection between the worlds of cryptocurrency and politics.

The donations, each amounting to 15.47 BTC, are being used to support Trump’s campaign efforts. The former president has each time expressed varying opinions on Bitcoin, once calling it a scam but later rebranding himself as the “Crypto President.”

Each twin sent 15.47 BTC, translating to about $1 million, to bolster Trump’s campaign efforts. The donations are being highlighted by Trump’s campaign, which is actively accepting cryptocurrency contributions.

I also just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November.

Here’s the TL;DR — President Trump is:

Pro-Bitcoin Pro-Crypto Pro-Business

And he will put an end to the Biden Administration’s war on crypto. Onward! https://t.co/r6iDP7BdbE

“I also just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November,” Cameron Winklevoss wrote in a tweet.

“Here’s the TL;DR — President Trump is pro-Bitcoin, pro-crypto, pro-business. And he will put an end to the Biden Administration’s war on crypto. Onward!”

The donations are also being used to voice support for Trump's stance on cryptocurrency regulation. Tyler Winklevoss praised Trump for being “pro-Bitcoin” and “pro-crypto.”

At the same time, he accused President Joe Biden of waging a regulatory war against the crypto industry, highlighting enforcement actions by the US Securities and Exchange Commission (SEC).

“The Biden Administration has tried to tear all of this down,” Winklevoss said, according to The Guardian. “I’m not going to stand by idly and let them. I’m going to continue fighting for what I know to be so right.”

Trump's stance on cryptocurrency has shifted dramatically over the years. In 2021, he notably called Bitcoin a scam, while now he is courting the crypto community.

This change is not just limited to words, as Trump’s campaign is accepting cryptocurrency donations and he has been meeting with key figures in the crypto and mining industries.

Meanwhile, Trump’s newfound support for cryptocurrency has also garnered international attention. El Salvador President Nayib Bukele, a vocal Bitcoin advocate, has endorsed Trump's bid.

This international dimension highlights the growing global influence of cryptocurrency and its potential to shape political dynamics beyond the United States.

The twin brothers' endorsement of Trump is part of a larger trend, with cryptocurrency becoming an increasingly essential component of the US political landscape. As candidates from both major parties engage with the industry to varying degrees, the debate around crypto regulation is heating up.

Biden's administration has faced criticism for its heavy-handed regulatory approach, which some argue stifles innovation and growth within the crypto sector.

Despite facing 34 felony charges with a scheduled sentencing hearing in July, Trump's political influence remains strong, as evident in his high poll ratings. His pivot towards embracing cryptocurrency may resonate with a significant voter base, particularly those who are dissatisfied with Biden's regulatory stance.

News source：https://www.kdj.com/cryptocurrencies-news/articles/crypto-kings-endorse-trump.html

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