Tyler and Cameron Winklevoss have spent $21 million to continue the momentum of the Republican lawmakers, and said they are countering a wide range of industry efforts to carefully support politicians from both hands.
The US Congress’ medium-term elections are approaching next year, and they promised a fierce political clash that would allow President Donald Trump to leave without Republican Congressional control, which helped him pass the finish line and promote crypto policy. The brothers are giving to the Digital Freedom Fund’s political action committee to support GOP candidates, they said Wednesday.
Contributions with Bitcoin
In a post on social media site X, Tyler Winklevoss said “we will identify and support the champions of President Trump’s crypto agenda in primary races and midterm elections,” saying that if Democrats win the medium term, Winklevoss can be obtained in the way Trump’s agenda, as opposed parties often do during their presidency.
“We know from their past actions we rely on malicious tactics and tricks that they can think of (e.g., fake bullets each, law, etc.),” he wrote.
The brothers who run the Gemini Crypto Exchange, became a fixture at the White House crypto event and were publicly praised by Trump, say Republicans are against the broader industry claim that crypto policy is bipartisan and politicians from both parties should be supported by the sector.
In the resulting parliamentary elections last year, the crypto industry built an unprecedented campaign cash tower on Fairshake PAC and its affiliates, supporting other industries, and even rivaled the larger party-led PAC. The fuss over campaign spending has resulted in dozens of political victories that will help fill industry support in current Congress. This is moving rapidly to support digital asset initiatives. (genius) Activities.
Sen. Tim Scott, a Republican who now chairs the Senate Banking Committee, thanked the industry for leaving Sen. Sherrod Brown, a Democrat of Ohio, who ran the committee in Salt Wyoming on Tuesday.
After a recent $25 million bump from Coinbase, Fairshake, which has already accumulated $141 million for the next legislative election, has deliberately split its loyalty between the parties. The industry has long pushed the point of talk that its purpose is nonpartisan, with Fairshake affiliates trying to highlight its position by supporting both Democrats and Republican candidates who support crypto bills.
According to a filing by the Federal Election Commission, the Winklevos Brothers-backed Super PAC was formed last month and has yet to reveal its donor activities. It is set up to spend money independently. This means that the campaign it is putting pressure on cannot directly be involved in PAC spending decisions. Its super PAC structure allows you to spend unlimited amounts, including tens of millions of people that the industry spent in places like Ohio and California last year.
Winklevosses says it is pursuing surveillance of crypto market structures that avoid the pitfalls of overregulation, bloated licensing regimes, suffocating innovation, nurturing regulated industrial facilities, and increasing red tape that helps empower swamps.
This shows the recent second development in which the men behind Gemini are heading their own paths from most of their industry. Tyler Winclevos rose to life as a leading critic of President Trump’s candidate and ran Brian Quintz of the Commodity Futures Trading Commission. All major crypto lobbying groups wrote to Trump on Wednesday, receiving the energetic support of Quintenz.
