Gemini has handed over $10 million in Bitcoin to MAGA Inc., a super PAC supporting Donald Trump, revealed by a Federal Election Commission filing. This sizable donation positions the cryptocurrency exchange, founded by the Winklevoss twins, among key political donors backing the committee.
The disclosure report with the FEC identifies MAGA Inc. (committee code C00892471) as the recipient of the Bitcoin gift. The pro-Trump group’s donor roster includes major corporate and billionaire contributors, with Gemini’s contribution joining these significant institutional backers.
Crypto Meets Political Fundraising
The link between a prominent crypto exchange and a high-profile political super PAC raises eyebrows. The Winklevoss twins have a history of political donations, including millions given to Trump after favorable regulatory outcomes for their firm. Gemini’s role in ongoing Washington policy debates alongside Coinbase and Kraken highlights the exchange’s vested interest in shaping crypto legislation.
Funding MAGA Inc. with Bitcoin rather than traditional cash intensifies scrutiny. It sparks questions about the growing influence of digital assets in political campaigns and the potential sway of crypto capital on policy decisions, as explored in recent Financial Times reports.
This donation arrives amid broader discussions on crypto’s role in politics and follows past developments where exchanges actively lobbied senators on token listing regulations. The move signals that crypto players are investing in political capital alongside blockchain technology.
This material is for informational purposes only and does not constitute financial advice.
