Bitcoin News Today: Winklevoss twins donate 188.4547 Bitcoin to GOP-aligned crypto PAC for 2026 midterms

The Winklevoss twins, co-founders of Gemini, have donated 188.4547 Bitcoin—valued at $21 million—to the Digital Freedom Fund political action committee (PAC), a pro-crypto group aligned with the Republican Party [1]. This contribution aims to support the election of candidates who advocate for a pro-crypto regulatory environment, with the ultimate goal of making the U.S. the global crypto capital [2]. Tyler Winklevoss emphasized that the PAC’s mission aligns with President Trump’s vision and that the initiative will help continue the momentum of pro-crypto policies under his administration [1].

The Digital Freedom Fund has outlined a comprehensive policy agenda, including the proposal of a Bitcoin and crypto Bill of Rights, legal protections for developers, and a ban on central bank digital currencies (CBDCs) [1]. Additional measures involve ensuring fair banking access, expanding open banking, and requiring regulators to accommodate crypto in a technology-neutral framework. These proposals aim to reduce excessive compliance costs and regulatory barriers, fostering a competitive environment for crypto startups [1].

The PAC plans to channel its resources toward the 2026 midterms, seeking to support pro-crypto candidates who can advance these policies at the federal and state levels. Tyler Winklevoss stated that the PAC will collaborate with other pro-crypto groups to expand its influence beyond legislative efforts. The initiative also supports broader industry goals, such as the de minimis tax exemption for crypto transactions, which advocates argue is essential for unlocking the full potential of digital assets [1].

This move follows recent pro-crypto actions by the administration, including the President’s Working Group report, SEC Chairman Paul Atkins’ “Project Crypto,” and the CFTC’s “Crypto Sprint.” While proponents argue that reducing regulatory oversight is necessary for U.S. competitiveness in the global crypto market, critics warn that such measures could increase risks for investors and financial stability [1].

The Winklevoss donation reflects a broader trend of crypto billionaires using their wealth to influence political and regulatory outcomes in favor of the industry. This strategy is likely to become more prominent as the crypto sector seeks to establish a regulatory framework that supports innovation while maintaining market integrity. With the 2026 midterms approaching, the PAC’s efforts may play a pivotal role in shaping the future of crypto policy in the United States [2].

Source:

[1] Winklevoss twins donate $21M to new crypto PAC (https://cryptoslate.com/winklevoss-twins-donate-21m-to-new-crypto-pac-targeting-2026-midterms/)

[2] Winklevoss brothers pour $21M Bitcoin into GOP-aligned (https://www.msn.com/en-us/money/markets/winklevoss-brothers-pour-21m-bitcoin-into-gop-aligned-crypto-pac/ar-AA1KUz2C?ocid=finance-verthp-feeds)