Gemini, the crypto exchange co-founded by Tyler and Cameron Winklevoss, has made headlines with their recent announcement. The billionaire brothers have decided to donate $1 million worth of Bitcoin to Republican Presidential candidate Donald Trump. In addition to their donation, they have also expressed their support for Trump, stating that they will be voting for him in the upcoming election due to his favorable stance on cryptocurrencies.

Cameron Winklevoss took to social media platform X to share the news, saying, “I also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November. Here’s the TL;DR – President Trump is pro-Bitcoin, pro-crypto, and pro-business. He will put an end to the Biden Administration’s war on crypto. Onward!”

Tyler Winklevoss further elaborated on their views regarding the Biden Administration’s actions against the crypto industry. He accused the administration of using various government agencies, such as the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), to undermine crypto assets. Tyler criticized the SEC for not establishing new rules to help participants navigate the regulatory landscape for this rapidly evolving industry. He argued that the existing rules, based on a Supreme Court decision from 1946, are outdated and not suitable for the current digital era.

The Gemini co-founder concluded by urging the crypto community to support Trump, whom they believe is pro-crypto and pro-business. Tyler stated, “It’s time for the crypto army to send a message to Washington. Attacking us is political suicide. This is why I will be casting my vote for President Trump in November, and I hope you will too. Onward!”

This announcement comes after the Gemini co-founders predicted that Democrats would face consequences from voters for their anti-crypto agenda. The Winklevoss brothers have been vocal advocates for the crypto industry and have consistently supported its growth and development.

As always, it is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research and exercise caution when making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor.