Tyler and Cameron Winklevoss said they would spend $ 21 million to continue the momentum of Crypto policy led by Republican lawmakers, counting a greater industry effort that carefully supported politicians from both major parties.
The US congressional midterm election is approaching next year, and they have promised an intense political conflict that could leave President Donald Trump out of the Republican Congress’ control of Congress who helped him push Crypto’s policy passed through the end line. The brothers are giving the Digital Freedom Fund Political Action Committee to support GOP candidates, they said on Wednesday.
The contribution made with bitcoin
“President Trump’s crypto agenda’s champions will be recognized and supported in major races and elections in Midterm,” Tyler Winklevoss said in a post On social media site X. If Democrats prevail over the midterms, as opposition parties often do in the midst of a President’s term, Winklevoss said they can get the Trump agenda method.
“We know from their previous behavior that they will do any bad tactics and tricks that they can think of (e.g. impeachmentLaw, etc.) to try to make the president, “he wrote.
The brothers who operated the Gemini Crypto Exchange and became a fixture in the White House events of crypto events and praised the Trump public, but their endorsement of Republicans runs to the broader industry’s insistence that the crypto policy is BIPARTISAN and politicians from both parties should support as long as they favored the sectors.
In last year’s Congress election, the crypto industry has built an unidentified cash cash tower at the Fairshake PAC and its affiliates, releasing other industries and even competing with the large PAC led by the PAC. The campaign expenditure has resulted in twelve -psycho political successes that helped the industry’s support level in the current Congress, which has quickly moved to support digital assets -most noticeable -notice of recently passed guidance and establishing national change for US Stablecoins (Genius) Act.
Sen. Tim Scott, a Republican leader of the Senate Banking Committee, thanked the former Sen’s universal banking industry. Sherrod Brown, the Ohio Democrat who had previously run the committee, on Tuesday in Salt Wyoming.
Fairshake, that has Already accumulated $ 141 million For the next election in Congress after a recent $ 25 million bump from the Coinbase, it has divided its allegations intentionally between the parties. The industry has long pushed the point of communication that its goals were nonpartisan, and Fairshake’s associates sought to underline that position by supporting both Democrat and Republican candidates who were willing to champion Crypto bills.
Super Pac favored by Winklevoss Brothers formed last month, according to Federal Election Commission FilingAnd its donor activity has not been disclosed. It is set up to spend money independently, which means that the campaigns it weighs may not have direct participation in PAC spending decisions. The Super PAC structure also provides for spending unlimited amounts, such as ten -ten million industries spent in areas such as Ohio and California last year.
Winklevosses are chasing the oversight of the US crypto structure in the US “avoiding pitfalls of overregulation, flowering licensing regimes, and increased red tape that only serves to break change, grow industrial regulation, and empower the swam,” Tyler wrote.
It marks the second recent development in which men behind Gemini will go their own way from most of their industry. Tyler Winklevoss stood as a major critic of President Trump’s nominee to run the Commodity Futures Trading Commission, Brian Quintenz. All the leading crypto lobbying groups Sent a letter to Trump On Wednesday with the lively support of Quintenz, formerly an executive executive at A16Z.
