Gemini donates $10 million in Bitcoin to Trump-supporting MAGA Inc.
2026-07-23 23:03
Odaily Planet Daily News: Cryptocurrency exchange Gemini has donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting former US President Donald Trump. According to a report filed with the US Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss made the donations in two installments on June 19, each worth 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 a $5 million settlement agreement reached between the two parties in January 2025. The settlement originated from the CFTC's previous allegations that Gemini made false or misleading statements. MAGA Inc. can use these funds to support independent political expenditures for Donald Trump.
Previously, the Winklevoss brothers had 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 Trump administration's cryptocurrency policy direction. Currently, the court has not yet ruled on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the sole commissioner of the agency. As of June 30, MAGA Inc. has reported receiving more than $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 a $5 million settlement agreement reached between the two parties in January 2025. The settlement originated from the CFTC's previous allegations that Gemini made false or misleading statements. MAGA Inc. can use these funds to support independent political expenditures for Donald Trump.
Previously, the Winklevoss brothers had 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 Trump administration's cryptocurrency policy direction. Currently, the court has not yet ruled on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the sole commissioner of the agency. As of June 30, MAGA Inc. has reported receiving more than $397 million in funds.
Bài viết đề xuất
