Billionaire entrepreneurs Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange, have donated $21 million worth of Bitcoin to a political action committee (PAC) supporting former U.S. President Donald Trump.
The contribution went to the Digital Freedom PAC, a Republican-aligned group promoting pro-crypto policies ahead of the 2024 elections. In a post on X, Tyler Winklevoss described the donation as part of a mission to usher in an “American Golden Age,” while also backing legislation aimed at clarifying crypto regulations, protecting developers, and expanding access to banking for digital asset companies.
Today, @cameron and I donated $21 million in bitcoin (188.4547 BTC) to the Digital Freedom Fund PAC. The mission of the @FreedomFundPAC is to help realize President Trump’s vision of making America the crypto capital of the world. Since inauguration, @POTUS and his Administration…
— Tyler Winklevoss (@tyler) August 20, 2025
The move signals a new political strategy in the crypto industry. While Fairshake, a leading crypto super PAC, has spent more than $130 million across both parties, the Digital Freedom PAC is taking a more partisan stance by focusing on Republican candidates. This approach could influence how key races unfold, particularly in states where Democrats have traditionally been more supportive of crypto-friendly regulations.
The timing is notable, as Gemini pursues an initial public offering. The exchange confidentially filed earlier this year and has since confirmed its IPO plans, joining other digital asset firms looking to capitalize on renewed investor interest and growing political momentum under Trump’s platform.
The Winklevoss twins have become prominent Trump supporters, previously contributing to his campaign and attending events alongside him. They have also invested in American Bitcoin, a mining company where Eric Trump serves as chief strategy officer.
Gemini, meanwhile, continues to face regulatory challenges. The SEC sued the company in 2023 over its discontinued Gemini Earn program, alleging unregistered securities sales. Earlier this year, Gemini settled a separate CFTC lawsuit for $5 million without admitting or denying wrongdoing.
