Summary

The article discusses how Gemini founders, the Winklevoss twins, donated Bitcoin to former President Donald Trump while criticizing President Joe Biden for his stance on cryptocurrency.

Introduction

The Winklevoss twins, founders of the crypto exchange Gemini, donated 30.94 BTC worth $2 million to Donald Trump’s campaign. They believe in Trump’s pro-crypto stance and hope to counter the Biden Administration’s perceived “war on crypto.”

Main Points

In a public statement, Tyler Winklevoss criticized President Biden’s anti-crypto actions and the government agencies supporting them. He accused the Biden Administration of actively working against the crypto industry.

Despite Trump’s previous negative comments on Bitcoin, he has now expressed intentions to make the US a Bitcoin hub by mining the remaining BTC in the country. This shift contrasts sharply with Biden’s approach to cryptocurrency.

Biden’s reluctance towards crypto, highlighted by the veto of a bill supporting cryptocurrency custody by financial institutions, has caused concern in the industry. In contrast, Trump’s promise to protect digital assets and support crypto innovation resonates positively with pro-crypto individuals.

Conclusion

The Winklevoss twins’ support for Trump is rooted in his evolving stance on Bitcoin and crypto, which they see as crucial for the industry’s growth. While Biden’s actions have been seen as hindering crypto innovation, Trump’s promises signal a more favorable environment for digital assets in the US.