In a pivotal development for his presidential campaign, former President Donald Trump has received a significant financial endorsement through a $2 million donation in Bitcoin from the Winklevoss twins, Tyler and Cameron. Known for their influential roles in the cryptocurrency sphere, the twins’ contribution reflects their dissatisfaction with the current administration’s handling of the cryptocurrency industry under President Joe Biden.
Tyler Winklevoss took to social media platform X to publicize his support for Trump, attributing his decision to the Biden Administration’s antagonistic stance towards the cryptocurrency sector. He stated, “I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why: Over the past few years, the Biden Administration has openly declared war against crypto.” Tyler expressed his concerns about the administration leveraging federal agencies to oppress reputable actors in the crypto industry, terming it an unprecedented overreach of power detrimental to both innovation and the broader economy.
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Elaborating on the specifics, Tyler pinpointed the so-called ‘Operation Choke Point 2.0,’ where federal entities such as the OCC and FDIC are purportedly pressuring banks to sever ties with cryptocurrency firms. He compared these actions to similar strategies employed during the Obama era, indicating a resurgence of regulatory aggressions. “The Biden Administration has dusted off the playbook and has been running it at full speed against the crypto industry,” he remarked.
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