According to report Recently from Bloomberg, Cameron and Tyler Winklevoss, the American businessmen behind Winklevoss Capital Management and the Gemini exchange, were partially refunded their Bitcoin donations to Donald Trump’s presidential campaign, after when the amount exceeds the federal law limit.
The twins said in the post recently that they donated $1 million worth of Bitcoin to Trump’s election campaign. However, under federal law, Trump can only receive $844,600 from each supporter, which means the Winklevoss twins’ donations exceeded the legal limit and the amount exceeded $155,400. has been refunded.
The donations are intended to be distributed to Trump’s campaign, his legal fund, the Republican National Committee and state-level GOPs. Tyler Winklevoss expressed support for Trump as a “pro-Bitcoin, pro-crypto” candidate on social media.
Trump has positioned himself as a pro-crypto candidate since launching his 2024 presidential campaign, repeatedly making pro-crypto statements and criticizing the way the Biden administration “treats deal” with this industry.
Although Trump’s views on cryptocurrencies have received strong support from many members and leaders in the crypto community, his cryptocurrency fundraising efforts have not been as successful as traditional fundraising. system.
According to analysis by Breadcrumbs, as of June 17, the blockchain data company, the Trump campaign had only raised about $59,000 in cryptocurrency from 218 wallets on the Ethereum, Polygon and Base blockchains. This is a relatively small amount compared to the more than 260 million USD that has been raised through traditional means.
Breadcrumbs data analyst James Delmore said that the difficulty of donating on-chain appears to be the main factor limiting donating through crypto. In addition, transaction fees on Ethereum are quite high, discouraging some potential sponsors.
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Viet Cuong
According to CryptoBriefing
