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Gemini Founders Breach Bitcoin Donation Cap in Trump 2024 Fundraising

Published 06/22/2024, 08:50 PM
Updated 06/22/2024, 09:15 PM
© Reuters.  Gemini Founders Breach Bitcoin Donation Cap in Trump 2024 Fundraising

  • Winklevoss twins exceed donation limits to Trump’s campaign, receiving refunds in excess Bitcoin.
  • Trump aligns with the crypto community, accepting Bitcoin donations amid regulatory clashes.
  • Pro-crypto PACs back Trump as he courts tech-savvy voters in the presidential bid.

Gemini co-founders Cameron and Tyler Winklevoss overstepped federal campaign contribution limits with their Bitcoin donations to Donald Trump’s 2024 presidential bid, underscoring the former president’s deepening ties to the crypto industry.

Each twin donated $1 million in Bitcoin, surpassing the individual cap of $844,600. Excess funds were returned, but the incident highlights the growing intersection of cryptocurrency wealth and political fundraising.

An anonymous campaign official confirmed the excess in funds, totaling $155,400 each, that were returned to the brothers. It remains unclear whether they received refunds in Bitcoin or its cash equivalent. This incid…

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