Winklevoss twins Tyler and Cameron have made a significant donation of $21 million in Bitcoin to support the Digital Freedom Fund PAC, aiming to help the U.S. become the global hub for cryptocurrencies.
Donation to Digital Freedom Fund
Tyler Winklevoss announced the donation of $21 million in Bitcoin, totaling 188.4547 BTC, to support the Digital Freedom Fund PAC. This move aligns with their goal of supporting efforts to make America the crypto capital of the world, as envisioned by President Donald Trump.
Support for Crypto Initiatives
Tyler Winklevoss stated that the aim of the donation is to enhance support for crypto innovations in the U.S. The PAC plans to utilize the funds to back lawmakers seeking to promote crypto-friendly initiatives ahead of the upcoming midterm elections.
Role of Political Action in the Crypto Industry
Among the objectives of the Digital Freedom Fund is not only to advocate for cryptocurrency-supportive legislation but also to oppose initiatives for central bank digital currencies. Tyler emphasized the need for legislation that supports the growth of the crypto industry while minimizing regulatory burdens and bureaucratic challenges.
The Winklevoss twins' donation of $21 million is a significant step in supporting crypto initiatives in the U.S., reflecting a commitment to the development and promotion of crypto innovations.
