Gemini donated $10 million bitcoin to the super-political action committee supporting Trump

On July 24, Gemini, the Encrypted Currency Exchange, donated bitcoin worth about $10 million to the Super-Political Action Committee (MAGA Inc.), which supports US President Donald Trump. According to reports submitted to the United States Federal Electoral Commission (FEC), Cameron Winklevoss and Tyler Winklevoss, co-founders of Gemini, completed two contributions on 19 June, each worth over $5 million. This contribution took place about three weeks after CFTC and Gemini jointly filed a motion with the Federal Court of the Southern District of New York seeking the annulment of the $5 million settlement agreement reached between the parties in January 2025. The settlement originated from a previous allegation by CFTC that Gemini was suspected of making false or misleading statements. MAGA Inc. This fund can be used to support Trump ' s independent political spending. The Winklevoss brothers had previously donated $1 million to the Trump 2024 campaign team and $21 million bitcoin to the Digital Freedom Fund PAC to support the Trump government ' s encryption policy. At present, the court has not ruled on the withdrawal of the settlement motion by CFTC and Gemini. At the same time, the Chairman of CFTC, Michael Selig, remains the only member of the body. As at 30 June, MAGA Inc. had reported receipt of over $397 million。