The Gemini Exchange has unveiled its campaign finance initiative, which aims to facilitate campaign contributions for pro-crypto candidates ahead of the upcoming US Presidential election in November. This announcement comes after Cameron and Tyler Winklevoss donated $2 million to former President Trump’s re-election campaign on June 20, 2024.
In a scathing critique of Joe Biden and his administration’s unfriendly stance towards the crypto industry, Tyler Winklevoss expressed his concerns about the excessive regulations and obstacles faced by successful individuals in the industry. He warned that these policies could ultimately lead to the downfall of the economy and the country itself.
The actions taken by the Winklevoss twins and the campaign finance project launched by Gemini are just the latest examples of political engagement from the cryptocurrency industry. Coinbase’s “Stand with Crypto” political action committee recently achieved a significant milestone by collecting one million signatures from pro-crypto voters. Additionally, executives from CleanSpark, Marathon Digital, and Riot Platforms established “The Bitcoin Voter Project,” a non-profit organization focused on voter education that aims to raise awareness about Bitcoin without endorsing any specific candidates.
On the other hand, Fairshake, a crypto super PAC, has taken a different approach by accumulating $169 million in donations and using them to run political advertisements against politicians and candidates who are opposed to cryptocurrencies.
In other news, Bitcoin has gained popularity in Senegal, where it is being used as a form of currency. The African country has embraced BTC for its convenience and potential economic benefits.