Categories: U.S. Regulation

Trump Campaign Refunds Winklevoss Twins After Bitcoin Donations Exceed Limit

The billionaire Winklevoss twins, founders of cryptocy company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law, Bloomberg News reported on Friday.
Tyler and Cameron Winklevoss, whose crypto firm in February entered settlement agreements with U.S. and New York state financial regulators after accusations of wrongdoing, each announced donations of $1 million in bitcoin in posts on social media site X on Thursday.
Their donations exceeded the maximum $844,600 that the Trump committee can legally accept per person, according to the report, opens new tab. The portion above that limit was refunded to the donors, the report said, citing a campaign official.
A spokesperson for the Trump campaign did not immediately respond to Reuters’ request for a comment.
The donations came after Trump presented himself as a champion for crypto, including at a San Francisco fundraiser this month with tech executives during which he slammed Democrats’ attempts to regulate the crypto sector.
Terron Gold

Share
Published by
Terron Gold
Tags: Bitcoincampaign donationsTrumpWinklevoss
2 years ago

Recent Posts

CoinMarketCap Buys CoinGlass to Bring Derivatives Data to 115 Million Users

CoinMarketCap has acquired crypto derivatives analytics platform CoinGlass, combining one of crypto's largest price-tracking platforms…

4 days ago

Quant QNT Surges as The Clearing House Taps Its Tech for U.S. Bank Payments

Quant's QNT token surged after The Clearing House selected Quant to power key technology behind…

4 days ago

NVIDIA Launches Open Agent Safety Platform to Keep Autonomous AI Under Control

NVIDIA has launched its Open Agent Safety Platform, a new open security framework designed to…

5 days ago

Stand With Crypto Makes First Senate Endorsements After CLARITY Act Fails to Advance

Stand With Crypto has announced its first Senate endorsements of the 2026 election cycle, backing…

6 days ago

Trump and AI Giants Sign Voluntary Safety Pact as Pressure Grows Over Rogue Agents

President Donald Trump and leaders from some of the world's largest AI and technology companies…

6 days ago

DogeOS Launches ZK Rollup to Bring DeFi and Smart Contracts to Dogecoin

Dogecoin is getting a major utility upgrade as DogeOS launches a public testnet designed to…

6 days ago