Winklevoss Twins Back Crypto-Friendly Politicians by Donating $4.9M
Gemini founders Cameron and Tyler Winklevoss have sent $4.9 million to crypto super political action committee (PAC), federal filings reveal.
According to the Federal Election Commission filings, Fairshake, a crypto super PAC has raised millions of funds from key crypto players and venture capitalists including a16z, Coinbase, Ripple Labs, among others. In January, the committee received $6.3 million, a Bloomberg report read.
The contribution shows crypto sector’s support in furthering initiatives within the crypto industry and spearhead paths towards responsible regulation.
Each of the Winklevoss Twins have contributed a sum of $2.45 million to the PAC, the filings added. Furthermore, Cameron Winklevoss wrote in X (Twitter) that regulators cannot kill crypto, no matter what.
“Regulation would have killed the Internet. But thankfully, lawmakers and regulators didn’t know what it would become. And regulation would have killed crypto. But thankfully, regulators and lawmakers can’t kill it, no matter how hard they try.”
Regulation would have killed the Internet. But thankfully, lawmakers and regulators didn't know what it would become. And regulation would have killed crypto. But thankfully, regulators and lawmakers can't kill it, no matter how hard they try.
— Cameron Winklevoss (@cameron) February 18, 2024
This year, Fairshake received funds from Kraken crypto exchange’s parent company, Payward Inc., which gave $750,000 on January 12. Following this, Electric Capital Partners donated $500,000 on January 26.
In December 2023, super PAC Fairshake amassed $78 million from crypto leaders including Coinbase CEO Brian Armstrong, Circle and more. The funds were used to support “pro-crypto” candidates in the forthcoming 2024 US
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