Donald Trump, the former US president and current candidate for the position, has received a generous donation in Bitcoin amounting to $2 million from the Winklevoss twins, Cameron and Tyler Winklevoss, who are the co-founders of Gemini. The twins announced their donations on their official X platform accounts, with each contributing $1 million in Bitcoin (15.47 BTC) to Trump’s campaign.
Tyler Winklevoss explained his donation and expressed his intention to vote for Trump in the upcoming November elections. He cited Joe Biden’s actions against the cryptocurrency industry as the reason for his support. According to Tyler, the Biden administration has waged a war on encryption and has used government agencies to target and harm the industry. He accused the administration of abusing its power for political gain, at the expense of innovation, taxpayers, and the American economy.
Cameron Winklevoss also revealed his donation and provided reasons for his support. He stated that he had donated $1 million in Bitcoin (15.47 BTC) to Trump and would vote for him in November. Cameron highlighted Trump’s favorable stance towards Bitcoin, cryptocurrency, and business as the driving factors behind his decision. He believed that Trump would put an end to the Biden administration’s alleged war on crypto.
In a surprising move, Donald Trump announced in late May that his 2024 election campaign would now accept donations in various cryptocurrencies. This marks a significant shift in Trump’s stance on blockchain technology, as he had previously expressed skepticism about Bitcoin’s value. The Trump campaign specified that it would accept coins like Bitcoin, Ethereum, Tether, Solana, USDC, XRP, Dogecoin, Cardano, SHIB, and Avalanche.
This decision reflects Trump’s more positive view of cryptocurrencies, which he expressed earlier this year in February. He recognized Bitcoin as an asset and stated that he could accept it. Accepting cryptocurrencies as donations is seen as a strategic move to appeal to a younger, more tech-savvy audience.
It is important to note that the views and opinions expressed in this article are solely for informational purposes and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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