The twins previously backed Trump’s 2024 campaign and the Fairshake PAC, and they believe the funds will help advance crypto-friendly policies like market structure reform and tax exemptions on small transactions. Their growing political influence earned them invitations to Trump’s inauguration, a White House crypto summit, and recognition during the signing of the GENIUS Act.
Gemini Founders Back Trump
Cameron and Tyler Winklevoss, the co-founders of Gemini, have made one of the largest single political donations in crypto history after sending more than 188 Bitcoin — worth roughly $21 million — to the Digital Freedom Fund PAC in support of US President Donald Trump’s pro-crypto agenda. The brothers said the contribution was intended to help secure a Republican majority in Congress during the 2026 midterm elections, advance market structure legislation, and push for initiatives like a de minimis tax exemption on smaller Bitcoin and crypto transactions.
The Digital Freedom Fund PAC was created on July 11 and is headed by treasurer Janna Rutland/ It has ties to other Republican-aligned organizations, including a nonprofit associated with former presidential candidate Vivek Ramaswamy. The Winklevosses’ move was made more than a year ahead of the next major federal elections, as Democrats look to reclaim power after losing both the presidency and congressional control in 2024.
This is not the first time the twins supported Trump politically. They donated about $2 million in Bitcoin to his 2024 campaign and later contributed $5 million to the Fairshake PAC, which has already raised over $141 million to back pro-crypto candidates in the upcoming elections. Their latest $21 million donation also seems symbolic, as it matches Bitcoin’s fixed supply of 21 million coins.
The twins’ backing secured them political visibility, including invitations to Trump’s inauguration events and a White House crypto summit earlier this year. Trump even personally acknowledged their support during the signing of the bipartisan GENIUS Act on stablecoins in July. They also invested in American Bitcoin, a mining company tied to Trump’s family, which only deepened their financial ties to the administration.
However, the Winklevosses recently diverged from Trump’s agenda by urging him to reconsider the nomination of Brian Quintenz as chair of the US Commodity Futures Trading Commission. The White House has since asked the Senate Agriculture Committee to delay consideration of Quintenz’s nomination, even as many crypto organizations expressed their strong support for his confirmation.
