The Winklevoss twins, founders of Gemini, were refunded after their Bitcoin donations to Trump’s campaign exceeded legal limits.
It is uncertain whether the Trump 47 Committee returned the amount in Bitcoin or converted it to its equivalent value in cash.
The billionaire Winklevoss twins Cameron and Tyler, founders of the Gemini crypto exchange, have had their donations to former United States President Donald Trump’s election campaign returned after their Bitcoin donations exceeded the maximum amount allowed under federal law.to a Bloomberg report, the amount exceeding the maximum donation was refunded, citing a campaign official who spoke on condition of anonymity.
It is uncertain whether the Trump 47 Committee returned the amount in Bitcoin or converted it to its equivalent value in cash. According to the report, the donated money is split among the former president’s campaign, the leadership political action committee that pays his legal bills, the Republican National Committee and 42 Republican Party state committees.The Trump campaign’s acceptance of the Bitcoin donation is the latest move to signal a closer relationship between the campaign and the crypto industry, a key player in the 2024 election.
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