Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini, have invested in the bitcoin mining company American Bitcoin, co-founded by Donald Trump Jr.
Winklevoss Investments in American Bitcoin
According to a Bloomberg report, the Winklevoss twins invested an unknown amount in American Bitcoin. This company, focused on bitcoin mining, was founded by Donald Trump Jr. and his brother Eric Trump. In May, American Bitcoin announced plans to go public through a merger with Gryphon Digital Mining.
Connection to the Trump Family
The Winklevoss brothers have previously had contacts with the Trump family, including a $2 million contribution to Donald Trump's campaign, attending inauguration events, and participating in a White House crypto summit in March. They were also present at the signing of the GENIUS Act, which regulates stablecoins, in which President Trump acknowledged their contributions.
Winklevoss Political Activities
In June, Gemini filed for an initial public offering in the US through the Securities and Exchange Commission (SEC). The SEC had previously closed an investigation into Gemini over allegations of offering unregistered securities. Additionally, there is information suggesting that the Winklevoss brothers may have pressured the White House regarding the appointment of Brian Quintenz as the head of the Commodity Futures Trading Commission (CFTC).
Thus, the Winklevoss investment in American Bitcoin highlights their growing influence within the crypto industry and connections to politics, particularly with the Trump family.
