The Crypto Community’s Latest Political Play
As several prominent figures in the crypto industry back a new pro-Trump super political-action committee, your community takes notice of the latest developments.
Winklevoss Twins and Gemini’s Support
- Tyler and Cameron Winklevoss, founders of Gemini, each donated $250,000 to America PAC.
- They also made a $2 million Bitcoin donation to Donald Trump’s campaign last month.
Elon Musk’s Involvement
- Elon Musk plans to pledge around $45 million per month to the PAC, according to the Wall Street Journal.
- Tesla, the company Musk co-founded, holds Bitcoin on its balance sheet after a $1.5 billion purchase in February 2021.
Formation of America PAC
- Established in June, America PAC focuses on voter registration and boosting early voting and mail-in ballot requests in key swing states.
- The PAC has received $8.75 million in donations from 18 entities, including names from the crypto industry.
Other Big Contributors
- Joe Lonsdale, co-founder of Palantir Technologies, donated $1 million to the PAC.
- Douglas Leone and Shaun Maguire, partners at Sequoia Capital, also made substantial contributions.
Renewed Support for Trump
- Former President Trump continues to draw support from the crypto community, including accepting crypto donations and endorsing Bitcoin miners.
Hot Take: Stay Informed!
Keep yourself informed of the latest developments in the intersection of politics and crypto to understand how prominent figures are shaping the landscape.
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