Winklevoss "Gemini" twins donate $2m to support Trump

[Abiky]

It's official. The Gemini exchange founders (the Winklevoss twins) have donated $2 million (USD) to help support Trump's campaign. Read all about it here: https://www.reuters.com/world/us/gemini-founders-donate-1-mln-bitcoin-trump-2024-06-20/

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America. If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States. The "heavy-handed" regulations towards the crypto/Blockchain industry might've angered industry players against Biden and his Democratic Party. Could Trump's support of Bitcoin be enough to propel him to the White House? Only time will tell.

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why? Your input would be greatly appreciated. Thank you very much.

[kryptqnick]

Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it, whereas in the past he's been consistently anti-Bitcoin. It seems like it isn't their first major support for Republicans, as they supported Blake Masters (Arizona). Masters lost despite getting attention and generous support of billionaires. I hope the same will happen to Trump, although I must admit that Biden isn't a particularly good option.

[PhillipDe78]

I believe that Trump's decision to support the crypto industry is a logical and positive step in his campaign. At the moment, people are greatly concerned about this issue and the actions of the current administration have caused fears among the public, which could affect the election results.

[Dunamisx]

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why?

Two things i need to emphasize on here, did he make to donation to Trump in bitcoin?

The second is that we should not be fooled by the two of them with this kind of act, there is going to be a signed agreement between the two of them over this, if Trump wins the election, then he will be placed with high priority in his government administration and if peradventure he did not won the election, then Trump will be in debt for a payback on this, he cant just be a philanthropist for nothing without expecting anything in return.

[MinoRaiola]

You can say what you like about Donald Trump, but this move was really intelligent and he even convinced the Winkelvoss twins. It is been going up and down in the media all day, its become big. I can maybe in a short time more celebrities will come and say they having donated bitcoin... maybe it will become a trend until november. Hopefully it will be a positive decision when they release Ross Ulbricht. He got his sentence but it is too harsh and he should get a second chance, I hope Trump makes that happen.


https://www.dailymail.co.uk/news/article-13552783/Trump-bags-huge-endorsement-Winklevoss-twins-gets-1million-donation-bitcoin-slam-Biden-declaring-war-crypto.html

[Minor Miner]

Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it, whereas in the past he's been consistently anti-Bitcoin. It seems like it isn't their first major support for Republicans, as they supported Blake Masters (Arizona). Masters lost despite getting attention and generous support of billionaires. I hope the same will happen to Trump, although I must admit that Biden isn't a particularly good option.

Do you think it's fair for us to keep bringing up other people's past to judge them in the present? It is true that he has criticized and opposed bitcoin in the past, but many years have passed and he may have changed his opinion on bitcoin. We have seen many investors change their opinion about bitcoin and we always congratulate them for finding the truth, so why are we always upset with Mr. Trump?

Furthermore, even retail investors like us know that he has been against bitcoin, or he is pretending to be pro-bitcoin just because he wants to get more votes. Do you think other people like the Winklevoss twins don't know about it? Maybe they even met Mr. Trump directly to confront him about this, but they still decided to support him. Do you think they are more stupid than us?

I'm not from America and don't care who wins, but the fact that many high powered people support Mr. Trump is something that makes us think.

[Greyhats]

Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it, whereas in the past he's been consistently anti-Bitcoin. It seems like it isn't their first major support for Republicans, as they supported Blake Masters (Arizona). Masters lost despite getting attention and generous support of billionaires. I hope the same will happen to Trump, although I must admit that Biden isn't a particularly good option.

Do you think it's fair for us to keep bringing up other people's past to judge them in the present? It is true that he has criticized and opposed bitcoin in the past, but many years have passed and he may have changed his opinion on bitcoin. We have seen many investors change their opinion about bitcoin and we always congratulate them for finding the truth, so why are we always upset with Mr. Trump?

Furthermore, even retail investors like us know that he has been against bitcoin, or he is pretending to be pro-bitcoin just because he wants to get more votes. Do you think other people like the Winklevoss twins don't know about it? Maybe they even met Mr. Trump directly to confront him about this, but they still decided to support him. Do you think they are more stupid than us?

I'm not from America and don't care who wins, but the fact that many high powered people support Mr. Trump is something that makes us think.

I'm not from America either, but from talking to a lot of US folks about this it actually comes down more to the party level politics. The Republicans do things differently to the Democrats, and vice versa. A common answer I get from americans is that they Democrats but lean Republican when it comes to the matter of the economy. Its generally believed a republican in power creates better economic situations than a democrat in power but alot of poeple prefer the Democrats when its comes to social matters.

So it makes sense these business owners want a republican in power so they can make more money.

[bittraffic]

If Bitcoin goes $1M I think the crypto community can afford to lobby politicians to create new policies so whoever may be the president I think will really need to consider favoring the crypto community because even the meme coins holders are likely going to find lawmakers to lobby. Especially this twin.

Celebrities who will launch fan tokens I think will also be needing Trump.

[NotATether]

Gemini === scumbags.

That's all I will write for now.

[DooMAD]

When is he going to jail, though?  Going to be difficult to run for office from a cell.  Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

[GxSTxV]

Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it,

I share the same opinion as you, I don’t believe that trump and politicians are worth to trust at all, they are ready to do anything for a vote, changing their positions, opinions, sides for their own benefits. Moreover, crypto and Bitcoin are trending lately and the community would support any candidate that is willing to do good for the market and stop all the attacks from the SEC.
Personally, I think the twins will regret this move sooner if Trump becomes the next US president. I strongly believe the negative impact and actions from the US government will always stay the same or get worse. Never trust politicians, respectfully for those who support any side, I would say this is an opinion of mine and it can be wrong.

[coolcoinz]

whereas in the past he's been consistently anti-Bitcoin.

Not that much, to be honest. His stance was mainly pro USD, but not calling for a ban or extensive taxation of cryptocurrencies as far as I know.

Biden on the other hand took a path of hard regulation and disinformation, like when they spread misinformation that bitcoin is used by terrorists and destabilizes the power grid when in fact the first one was proven to be a lie and the second one to be the other way around, as a power company from Texas claimed that miners are helping them to put load on the grid when one is needed.

It was Biden who supported a 30% bitcoin mining tax, which would kill the industry in the US.

I said it in another thread that trump is using Biden's anti-bitcoin card to his advantage, but that card was already on the table long before the election. Biden could have chosen to be neutral throughout his presidency, but no, he had to be negative and now it's going to cost him.

[Fiatless]

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why? Your input would be greatly appreciated. Thank you very much.

It is common to see business owners donate heavily to politicians they think will serve or protect their interests. This is not the first time we have seen crypto companies donating to presidential campaigns. Sam Bankman-Fried donated to both Democrats and Republicans for business and personal reasons, sadly he didn't get the protection he might be seeking.

Trump needs the money to fund his campaign so this donation will help them financially. The crypto population is quite insignificant so he might not get massive votes from them but they can help him get votes from the community. Trump is now been portrayed as the crypto president, I hope he will live up to expectations if he eventually becomes the president. But I will not vote for him because of the new image he is showcasing because politicians cannot be trusted.

[tread93]

It's official. The Gemini exchange founders (the Winklevoss twins) have donated $2 million (USD) to help support Trump's campaign. Read all about it here: https://www.reuters.com/world/us/gemini-founders-donate-1-mln-bitcoin-trump-2024-06-20/

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America. If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States. The "heavy-handed" regulations towards the crypto/Blockchain industry might've angered industry players against Biden and his Democratic Party. Could Trump's support of Bitcoin be enough to propel him to the White House? Only time will tell.

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why? Your input would be greatly appreciated. Thank you very much.

I saw this online and I think that is bullish af. The Winklevoss twins did a good deed for crypto today, I mean as much as a million dollars can help a campaign- i'm not sure if there is a true dollar amount metric that can track how effective a certain allocation of funds yield results in a political campaign but I certainly think the headline alone and attention they are getting alone is doing wonders of free marketing for Trump's campaign.

[MinoRaiola]

I saw this online and I think that is bullish af. The Winklevoss twins did a good deed for crypto today, I mean as much as a million dollars can help a campaign- i'm not sure if there is a true dollar amount metric that can track how effective a certain allocation of funds yield results in a political campaign but I certainly think the headline alone and attention they are getting alone is doing wonders of free marketing for Trump's campaign.

I also believe that the marketing is worth much more than the 2 million dollars in bitcoin. For example, there is another donor who donated 50 million dollars, that was billionaire Timothy Mellon. Mellon transferred the money on the same day as Trumps conviction, which must have surprised Biden, because this probably increased the donations and possibly also the support for Trump. Trump maybe currently receive more donations than Biden. It is typically American, its a big show and it is interesting that it is so big over several months.

[dkbit98]

This is such stupid decision if they think that Trump is somehow going to save them and their exchange when he becomes president again, and it reminds me on what ex FTX scammer Sam Bankman-Fried did with Biden.
Nobody should believe lies of Trump puppet that he suddenly supports Bitcoin, he only loves getting more money and following instructions from his bosses.

[Lucius]

When is he going to jail, though?  Going to be difficult to run for office from a cell.  Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

I don't know that anyone believes that the former US president will end up in prison, especially since he is a presidential candidate, which complicates the situation significantly. I think that there is a certain number of people in high politics who want to see him in prison, but I also think that there is a very large number of influential politicians and businessmen who are doing everything they can to prevent this from happening. The twins are just one more in a row playing a card that seems to be winning for them at the moment - and even if Trump doesn't win, those 15 BTC is not something that means too much to them.

[C10H15N]

When is he going to jail, though?  Going to be difficult to run for office from a cell.  Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

I don't know that anyone believes that the former US president will end up in prison, especially since he is a presidential candidate, which complicates the situation significantly. I think that there is a certain number of people in high politics who want to see him in prison, but I also think that there is a very large number of influential politicians and businessmen who are doing everything they can to prevent this from happening. The twins are just one more in a row playing a card that seems to be winning for them at the moment - and even if Trump doesn't win, those 15 BTC is not something that means too much to them.

Very smart move on the part of Tinky and Winky. 

Using Lawfare against a political opponent is not going to end well for the Democrats.  It's a stupid and ill conceiver strategy born of desperation.
The bullshit lawsuits and kangaroo court proceedings are doing nothing to hurt President Trump and are actually helping him politically and financially.
Biden and the Democrats are failing miserably and had better start offering something to the American People other than "Orange Man Bad".  

[NotATether]

This is such stupid decision if they think that Trump is somehow going to save them and their exchange when he becomes president again, and it reminds me on what ex FTX scammer Sam Bankman-Fried did with Biden.
Nobody should believe lies of Trump puppet that he suddenly supports Bitcoin, he only loves getting more money and following instructions from his bosses.

Gemini screwed over their own customers when Earn became insolvent after the Genesis bankruptcy. Now they claim to have reached a settlement but who knows if everyone will get 100% of their coins back? Now these two guys think donating to Trump is going to save their skin in the game?

If so then they're in for a wake-up call. Trump is not going to make all this litigation against them disappear. But hey, if they want to find out like SBF did what happens when you walk into the crypto industry and mismanage customers' funds, then sure.

Using Lawfare against a political opponent is not going to end well for the Democrats.  It's a stupid and ill conceiver strategy born of desperation.
The bullshit lawsuits and kangaroo court proceedings are doing nothing to hurt President Trump and are actually helping him politically and financially.
Biden and the Democrats are failing miserably and had better start offering something to the American People other than "Orange Man Bad".   

Trump has at least as many legal violations as these Winklevoss twins got from the Gemini fallout. And Bob's your uncle.

[DooMAD]

When is he going to jail, though?  Going to be difficult to run for office from a cell.  Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

I don't know that anyone believes that the former US president will end up in prison, especially since he is a presidential candidate, which complicates the situation significantly.

It shouldn't.  Preferential treatment makes the justice system a joke.  Any non-celebrity would absolutely go to jail for breaking that many laws.  It's a disgusting double standard if they treat him any differently. 

The US still wants to portray itself as "leader of the free world", yet it's fully prepared to be this corrupt?  Words can't condemn strongly enough.