Gemini donates $10 million in Bitcoin to pro-Trump MAGA Inc.
2026-07-23 23:03
Odaily Odaily Planet Daily News Cryptocurrency exchange Gemini has donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting U.S. President Donald Trump. According to a report filed with the U.S. Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss completed the donation in two installments on June 19, each valued at over $5 million.
This donation comes about three weeks after the CFTC and Gemini jointly filed a motion with the U.S. District Court for the Southern District of New York seeking to vacate their $5 million settlement agreement reached in January 2025. The settlement stemmed from the CFTC's earlier allegations that Gemini made false or misleading statements. MAGA Inc. can use these funds to support Donald Trump's independent political expenditures.
Previously, the Winklevoss brothers each donated $1 million to Donald Trump's 2024 campaign and contributed $21 million in Bitcoin to the Digital Freedom Fund PAC to support the crypto policy direction of the Trump administration. Currently, the court has yet to rule on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the agency's sole commissioner. As of June 30, MAGA Inc. had reported receiving over $397 million in funds.
This donation comes about three weeks after the CFTC and Gemini jointly filed a motion with the U.S. District Court for the Southern District of New York seeking to vacate their $5 million settlement agreement reached in January 2025. The settlement stemmed from the CFTC's earlier allegations that Gemini made false or misleading statements. MAGA Inc. can use these funds to support Donald Trump's independent political expenditures.
Previously, the Winklevoss brothers each donated $1 million to Donald Trump's 2024 campaign and contributed $21 million in Bitcoin to the Digital Freedom Fund PAC to support the crypto policy direction of the Trump administration. Currently, the court has yet to rule on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the agency's sole commissioner. As of June 30, MAGA Inc. had reported receiving over $397 million in funds.
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