Bitcoin News Today: Winklevoss brothers donate $21M Bitcoin to pro-crypto PAC opposing CBDCs

The Winklevoss brothers, co-founders of Gemini, have made a $21 million Bitcoin donation to the Digital Freedom Fund PAC, a political action committee aligned with the Trump campaign and advocating for pro-cryptocurrency policies [1]. The donation is intended to support legislative efforts that oppose central bank digital currencies (CBDCs) and promote self-custody rights in the digital asset space [2]. Tyler Winklevoss emphasized that the contribution reflects a broader vision for financial freedom, aligning with the values represented by Bitcoin [1].

This donation marks one of the largest political contributions in digital assets in U.S. history and highlights the increasing political engagement of major cryptocurrency holders. The Digital Freedom Fund PAC is expected to use the funds to support candidates in the upcoming midterm elections who champion crypto-friendly policies and resist the expansion of CBDCs [2]. The move underscores the deepening intersection between cryptocurrency and political influence, as top crypto stakeholders take a more active role in shaping the regulatory landscape.

Public reactions to the donation have varied, with supporters viewing it as a necessary step to ensure the survival and growth of decentralized finance, while critics express concerns about the potential for regulatory overreach or political favoritism. Analysts suggest that such large-scale crypto donations could intensify debates over the integration of digital assets into political systems and regulatory frameworks [1]. The broader implications for policy development remain to be seen, but the Winklevoss brothers’ action signals a growing trend of crypto holders using financial power to influence political outcomes.

As of August 20, 2025, Bitcoin (BTC) had a market cap of $2.27 trillion, with its price at $114,074.36. The asset had seen a 0.37% increase in the past 24 hours and a 6.22% decline over the past seven days, while showing a 10.14% gain over 60 days [1]. These price movements provide context for the growing economic significance of Bitcoin, which now plays an increasingly prominent role in political and financial spheres alike.

Sources:

[1] Winklevoss Bitcoin Donation: A $21M Political Influence Move, https://coinmarketcap.com/community/articles/68a5fb82fb87765c4304542a/