Cameron and Tyler Winklevoss, founders of Gemini, have donated $21 million in Bitcoin to the Digital Freedom Fund PAC to support Donald Trump’s pro-crypto initiative.
They announced the funding on Wednesday, committing 188.45 BTC to back the glaring efforts by POTUS to make America the “crypto capital of the world.” The twins, who founded the New York-based Gemini exchange, lauded the efforts of the current administration to make digital assets mainstream and hoped the $21 million donation would help the Digital Freedom Fund PAC support Trump in his crypto reform.
PAC Fund to Focus on Continuity and Key Crypto Legislation
The Digital Freedom Fund Political Action Committee (PAC) was filed for on July 11, according to its website. Notably, the movement would commit to delivering the required assistance to Trump to ensure that “America’s Golden Age” remains.
Specifically, donations to the PAC fund would support pro-crypto senators and House reps in the midterm elections. Tyler emphasized that Trump has speedily achieved his crypto-friendly agenda because of the support received from the Republican-dominated Congress.
The Digital Freedom Fund will help ensure that it remains that way after the midterm election scheduled for November 3, 2026. This way, Trump would continue to receive the backing to finish off his pro-crypto agenda.
Further, the pro-crypto alliance would also focus on thoughtful legislation that would enable the crypto industry to thrive. It will fight for a “Skinny Market Structure Bill” that permanently limits regulatory overreach and allows ecosystem builders to build without government pitfalls.
For context, the ideal Bitcoin and crypto bills of rights will codify the right to own, self-custody, and transact Bitcoin and crypto. It would also protect software developers and publishers, allowing them to operate without fears of sanctions from authorities. This seeks to address the issues seen with the Tornado Cash builders and Silk Road creator Ross Ulbricht.
Anti-CBDC, Open Banking, and Support for Crypto Project
Meanwhile, another focus of the Digital Freedom Fund PAC would be to ensure that they fight for a legislative ban on CBDCs. Recall that the House passed a bill preventing the Federal Reserve from creating CBDCs in July, but the bill is still in the Senate.
They would also fight for legislation that allows for equal access to banking services without consideration of your political affiliations, religious beliefs, or business activity. Trump also signed an executive order in that regard earlier in the month.
Additionally, the PAC fund would fight to reduce the registration cost for crypto startups in the United States. Tyler noted that certain regulatory captures have intentionally or unintentionally created an unconducive environment for up-and-coming crypto firms in the United States.
Notably, the Digital Freedom Fund’s website has yet to reflect the $21 million donation at the time of writing.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2025/08/21/winklevoss-twins-donate-21-million-in-bitcoin-to-support-trumps-pro-crypto-pac/?utm_source=rss&utm_medium=rss&utm_campaign=winklevoss-twins-donate-21-million-in-bitcoin-to-support-trumps-pro-crypto-pac