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

[BlackHatCoiner]

I will never understand why a billionaire raises donations for his campaign. It simply makes no fucking sense to me why people would donate to a billionaire.

When is he going to jail, though?  Going to be difficult to run for office from a cell.

Don't American representatives / politicians have asylum if they become elected?

Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

If it is true that these twins own more than 70,000 bitcoin, then that donation wasn't even 0.05% of their net worth. It's like having $70,000 in your savings account and giving $15 to a kid. Considering that kid can be elected as the US president next year, I think bribing donating to it wouldn't be irrational.

[naira]

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.

When political hands started to play, the support was very massive, plus Trump finally dismantled his principles from being anti-crypto to being pro. Keep in mind that this is all about politics and Bitcoin is being used as a tool to get votes. Trump sees Biden negative votes in the Bitcoin community, therefore making Trump have additional votes if he declares pro Bitcoin. In political competition, things like this often happen, taking advantage of voices that are at odds with the current government.

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.

On the other hand, the arrival of the Winklevoss twins was a big reference because they were able to make an agreement so that the crypto and Bitcoin community was given more free space in the US. At least the Winklevoss twins are considered capable of representing the hopes of Bitcoin retail investors. In other words the Winklevoss twins "I will support you and make a donation, but with the condition of Bitcoin in the US......" that's the picture because there can't be $2 million given away for free, at least there is an agreement made by the Winklevoss twins .

[Iranus]

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.

Biden is also a politician, is he more trustworthy than Trump? If we talk about politicians, no one is trustworthy and what they do is only for their power and benefits. But Americans and the crypto community do not have a third choice, and we only have the right to support one of the two, and each has their own reasons for which one to support. You and I as well as the Winklevoss brothers are all bitcoin investors but each of us has our own goals so just because we vote for different people doesn't mean they are stupid and we are smart. It's simply a choice based on personal interests.

Trump maybe currently receive more donations than Biden.

According to the report, in May, Mr. Trump's campaign raised $141 million, while Mr. Biden's camp only raised $85 million, but overall there is not a big difference between the two.
https://www.cbsnews.com/news/trump-campaign-says-it-raised-141-million-in-may-compared-to-85-million-for-biden/

[mindrust]

Only $2 million? C’mon you cheapskates, what will Trump do with $2m? Have a lunch? Demrats are pumping millions to Biden every minute. Reps should do better if they are serious about winning the election. Trump is rich that’s true but almost all the s&p500 companies are WEF bitches so it is hard to win against a financial power like that. I know Trump will win anyway but let’s don’t take that risk this time. He was supposed to win in 2020 too but look what happened.

[benalexis12]

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.

Actually, they are the same as Biden, who now has an interest in Bitcoin because they know that there are many investors in their countries who are fanatics about bitcoin, and because of the election, they will really use that attraction to get the vote of their citizens, and that is no longer surprising too.

So if someone gave him $2 million, that would be a big deal for Trump in his campaign as a presidential candidate. If before he was the President then he was defeated by Biden, who knows that this time Biden is the current President, the situation has also been reversed, and now it is back to Biden what happened in the last election, right?

[Poker Player]

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.

Preferential treatment in matters of justice for high-ranking politicians exists in most democratic  countries. Can't you think why? Where do you live? If it is a democratic country I bet it is more difficult to judge and convict high ranking politicians than the man in the street.

Getting to the topic of the thread, I don't care as much about Trump's stance on Bitcoin now as I do about CBDCs. Bitcoin is already in our society to stay, and it will be regulated one way or another, but it will stay. CBDCs, on the other hand, are a serious threat and it would be very important for a country like the USA to announce that it is banning them.

[C10H15N]

Trump is a billionaire.  That makes him more powerful than ANY politician who are all owned (bought and paid for) by billionaires.

He knows this because he paid for corrupt politicians, including NY Senator Hillary Clinton, back when he was a beloved Democrat political donor   

[cryptosize]

I will never understand why a billionaire raises donations for his campaign. It simply makes no fucking sense to me why people would donate to a billionaire.

I also don't understand why people donate BTC to Satoshi, but they still do it!

It makes more sense to donate to a living person, especially if you see it as an "investment"...

[B00TY_MASHER]

You can’t trust the government/politicians. Trump knows it’s a tight race and he’s shaking his tin cup hoping to buy votes by pandering to RFK supporters. Not a supporter of Biden either. I support Bitcoin because of its decentralization and looking to centralized figure/authorities like the president/government just seems contradictory.

[DaveF]

A better title for this thread would be 'A couple of billionaires gave some money to another billionaire, instead of fixing their company'

I used to like & use Gemini. But have not for a while, and after the disaster of getting tax & reporting documents from them in in 2024 for the 2023 tax year and in 2023 for the 2022 tax year I am so glad I stopped using them for most things around the FTX disaster.

I really don't care who they give money to, they have to deal with the blowback if the other side wins no matter which side they give to. But, when Coinbase and RobinHood and other places can have everything I need on or before they are due (End of January) and Gemini gets them to you after taxes are due (April 15th) then sorry you lost me as a customer.

-Dave

[NotFuzzyWarm]

Gee, a couple crooks donate to a CONVICTED criminal. Why am I not surprised....

[C10H15N]

Gee, a couple crooks donate to a CONVICTED criminal. Why am I not surprised....

You say convicted like it has any meaning anymore.  🙄😂🤣😅

[NeuroticFish]

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign?

It will not make much of the difference, there are not so many Bitcoiners and I expect most to just not go voting.
But it's quite an advertising for both Gemini and the-new-Trump-that-supports-crypto. And I fear Gemini may have been scammed in this business, since politicians well... lie a lot, to say it simply. And the POTUS is not the whole government, he can't do too much (which can be good or bad, depends...)

[franky1]

hope the winkles paid all their customers back before paying trump

[pooya87]

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America.

Or maybe it's just billionaires seeing a corrupt politician willing to accept bribes in broad daylight (the $2 mil) as a better candidate that suites them and helps their growth.

If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States.

I don't think much is needed. Biden is already losing because of all his failures from his deteriorating mental state all the way to supporting genocide. In other words if his opponent were anybody other than Trump, this would not even have been a competition, he would lose with only having 10% of the  votes

Will it make a huge difference on Trump's re-election campaign?

No. It will only improve Winklevoss twin's future.
I also still believe that the crypto community is to small to be impactful and too wise to like a crazy corrupt man like Trump.

[bittraffic]

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America.

Or maybe it's just billionaires seeing a corrupt politician willing to accept bribes in broad daylight (the $2 mil) as a better candidate that suites them and helps their growth.

If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States.

I don't think much is needed. Biden is already losing because of all his failures from his deteriorating mental state all the way to supporting genocide. In other words if his opponent were anybody other than Trump, this would not even have been a competition, he would lose with only having 10% of the  votes

Will it make a huge difference on Trump's re-election campaign?

No. It will only improve Winklevoss twin's future.
I also still believe that the crypto community is to small to be impactful and too wise to like a crazy corrupt man like Trump.

What do you think the twin will ask from Trump once he wins? It seems to work that way in politics, they won't just give some thing without expecting in return. I think the more crypto big names donate to Trump, the more he will have a huge debt to repay the crypto community.

If Larry Pink will donate more to Trump, then Larry may have all the favors and god knows what the guy will ask from Trump.

[darkangel11]

Only $2 million? C’mon you cheapskates, what will Trump do with $2m? Have a lunch? Demrats are pumping millions to Biden every minute. Reps should do better if they are serious about winning the election. Trump is rich that’s true but almost all the s&p500 companies are WEF bitches so it is hard to win against a financial power like that. I know Trump will win anyway but let’s don’t take that risk this time. He was supposed to win in 2020 too but look what happened.

You KNOW Trump will win? I think that he lost a lot of votes by being convicted. That's why they announced it just months before the elections.
There's no good choice for Americans, to be honest. It's either a puppet who can't even read from the prompter, or the "grab 'em by the pussy" convict.
As for the donations, it was to be expected bitcoin companies would choose to support Trump because he threw some promises their way while Biden treated them like a bunch of weirdos who want their own money. To be honest, Trump at least looks like he knows a thing or two about how bitcoin works. I'm sure Biden has no idea.

[snerd]

Gemini === scumbags.

That's all I will write for now.

Well don’t leave us hanging, state your case! I’ve heard of the twins, vaguely, but know nothing of Gemini.

[Saint-loup]

To be honest, I don't think support from Winklevoss or Elon Musk would change much things for his re-election, neither his turnaround about cryptocurrencies. I don't think many americans will vote for a candidate based on his political measures towards the crypto industry and crypto users. Even people holding pretty large bags are not likely to do it IMO. People are waiting for changes and especially improvements, in their daily life. Most of them know cryptocurrencies can't do that by their own sadly.

[Sandra_hakeem]

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.

The odds doesn't really matter right now... trump may get serious with his ambition and things could go down a little bit lose for the Americans...what will be,will be

The political sector don't really care how the effect of censorships will be on the ecosystem, neither do they care about how you'd feel... If they legislative sector agrees and passes it on, it takes effect and obviously, Trump was the minority.
Edit:

To be honest, I don't think support from Winklevoss or Elon Musk would change much things for his re-election, neither his turnaround about cryptocurrencies.

He's had too many validations already , whatchu gon do? Democracy has long been turned into a piece of candy at walmart that sells for the least 30 cents. Anyone could toss it around if they had enough in their pockets.