Winklevoss brothers donate $2 million in bitcoins to Trump

Gemini bitcoin exchange co-founder Tyler Winklevoss announced his support for Trump and donated $1 million in bitcoins to him. His brother Cameron also announced a $1 million donation in BTC.

"Over the past few years, the Biden administration has openly declared war on the crypto industry. The actions of the current administration have been nothing short of an unprecedented abuse of power aimed solely at dodgy political gain at the expense of innovation, taxpayers, and the economy," wrote Tyler Winklevoss.

Separately, he singled out the OCC and FDIC's pressure on banks - the agencies allegedly "advise and instruct" organizations not to fund industry participants.

"The radius of defeat has spread not only to cryptocurrency companies, but also to the individuals who work in them. Personally, I have lost several bank accounts because I own cryptocurrency and my investment firm," the Gemini co-founder added.

Winklevoss cited the SEC's actions as another problem. Under the Biden administration, he said, the agency "has not developed a single rule for the industry that would help any of its participants understand how to navigate the regulatory framework for this new asset paradigm."

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