Tyler and Cameron Winklevoss said they are spending $ 21 million to continue cryptopolitical momentum led by Republican lawmakers and meets a wider industrial effort that carefully supports politicians from both major parties.
The US Congress Way Election is approaching next year, promising an intense political clash that could leave President Donald Trump without the Republican Control of Congress that has helped him push cryptopolitics past the finish line. The brothers give to the political action committee for Digital Freedom Fund to support GOP candidates, they said Wednesday.
The contribution made in Bitcoin
“Will identify and support masters of President Trump’s crypto agenda in the primary race and the midterm elections,” Tyler Winklevoss said in a post on Social Mediasite X. If Democrats triumph in the mid -terms, which opposition parties often do in the midst of a presidential term, Winklevoss said they will get in the way of Trump Agenda.
“We know from their past behavior that they will resort to the bad faith tactics and tricks they can think of (eg Bogus impeachments, statutory, etc.) to try to derail the president,” he wrote.
The brothers who run the Gemini Crypto Exchange and have become a fixture at Crypto Events in the White House and have been publicly praised by Trump, but their endorsement of Republicans is running for the industry’s wider insistence that cryptopolitics are top -notch and that politicians from both parties must be supported as long as they favor the sector.
In last year’s consequence of congress elections, the crypto industry built an unprecedented tower of campaign quotes in Fairshake PAC and its affiliated companies, appointing other industries and even competing with the large party -headed PACs. Binge for campaign expenses resulted in dozens of political victories that helped to cushion the industry’s support level in the current congress, which has moved quickly to support digital activation initiatives – especially the newly adopted guidance and the establishment of national innovation for us stableecoins (Genius) Action.
Senator Tim Scott, a Republican, now chairman of the Senate Bank Committee, thanked the industry for drawing former Senator Sherrod Brown, Ohio Democrat, who previously operated the committee on Tuesday in Salt Wyoming.
Fairshake, who has already raised $ 141 million for the next congressional election after a recent $ 25 million bump has shared its fidelity consciously between the parties. The industry has long pushed the speech point that its goals are not -Partisan, and Fairshakes affiliated companies tried to emphasize this position by supporting both democratic and Republican candidates who are willing to advocate crypto bills.
Super PAC, favored by the Winklevoss Brothers, was formed last month, according to the Federal Election Commission archives, and has not yet revealed its donor activity. It is set to spend money independently, which means that the campaigns it weighs into cannot have any direct involvement with PAC’s consumption decisions. This Super PAC structure also allows it to use unlimited amounts, such as the tens of thousands of millions used by the industry in places like Ohio and California last year.
Winklevosses is pursuing us crypto -market structure Supervision, “avoiding the fall grains of overestimation, inflated licensing regimes and increased bureaucracy, which only serves to stifle innovation, grow the regulatory industrial complex and strengthen the swamp,” Tyler wrote.
This marks another recent development where the men behind Gemini go their own path from most of their industry. Tyler Winklevoss rose as a major critic of President Trump’s nominees to run Commodity Futures Trading Commission, Brian Quintenz. All the leading Crypto lobbying groups sent a letter to Trump on Wednesday in powerful support from Quintenz, who used to be a political director at A16Z.
