Gemini Sends $10M in Bitcoin to Trump PAC Amid CFTC Case Review
The donations came after the Trump administration moved to vacate a Biden-era enforcement action against Gemini, according to Federal Election Commission records.
- On June 19, Cameron and Tyler Winklevoss donated more than $20 million in Bitcoin to MAGA Inc., a super PAC supporting President Donald Trump, according to Federal Election Commission records disclosed Monday.
- The Trump administration recently vacated a Biden-era Commodity Futures Trading Commission enforcement action against Gemini, a move the brothers reportedly lobbied for, though the agency noted the $5 million fine will not be returned.
- Senator Elizabeth Warren claimed former CFTC commissioner Brian Quintenz's nomination was revoked after he refused requests from Tyler Winklevoss to prioritize vacating the Gemini action, calling the situation "concerning signs of a CFTC beholden to political pressures."
- Michael Beckel, Money in Politics Reform director at Issue One, criticized the donations, stating, "Nothing says thank you after a favorable regulatory or enforcement action like massive super PAC contributions," warning that such spending threatens democratic influence.
- Public Citizen estimated that crypto companies contributed about $189 million during the 2026 election cycle by late June, representing about 37% of corporate contributions, as Warren asked the Government Accountability Office to examine CFTC staffing cuts and their enforcement effects.
13 Articles
13 Articles
Gemini Sent $10M in Bitcoin to Trump PAC after Joint Motion with CFTC
With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump. According to the MAGA Inc. Super PAC’s July report to the Federal Election Commission (FEC) filed on Monday, the Gemini Trust Company run by co-founder…
The Winklevoss Twins Gave Trump $20 Million After Regulatory Win
Last month, Twin cryptocurrency titans Cameron and Tyler Winklevoss and their cryptocurrency company donated more than $20 million in bitcoin to a prominent political action committee supporting President Donald Trump, according to new Federal Election Commission records reviewed by The Lever. The donations came less than a month after the Trump administration moved to vacate a Biden-era enforcement action against the brothers’ crypto exchange, …
Gemini’s $10M Bitcoin Donation to Trump PAC Draws Attention During Ongoing CFTC Case
Key Takeaways: Gemini donated more than $10 million dollars in Bitcoin to the pro-Trump MAGA Inc. PAC. The gift was revealed in recently public records filed by the Federal Election Commission. The transfer follows an active CFTC lawsuit against Gemini that is still going through the court. User Score8.7 Follow us on Google News The latest records released by the Federal Election Commission (FEC) reveal a crypto exchange named Gemini had one of…
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