Gemini Donates $10M in Bitcoin to Trump PAC After CFTC Dispute
Vexoda Newsroom
Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, donated $10 million in Bitcoin to a super political action committee supporting President Donald Trump. This move comes
Gemini Trust Company recently sent $10 million worth of Bitcoin (BTC) to the MAGA Inc. Super Political Action Committee, which is backing President Donald Trump’s political efforts. This donation follows a legal dispute between Gemini and the US Commodity Futures Trading Commission (CFTC).
The CFTC had previously filed a case against Gemini in January 2025 for allegedly making false or misleading statements. In response, the Winklevoss brothers, who co-founded Gemini, contributed $1 million each to Trump’s campaign and supported his crypto-related ventures.
With a court now considering whether to reverse a $5 million settlement between the CFTC and Gemini, the donation is seen as an attempt by Gemini to influence political outcomes. The case highlights ongoing tensions in regulatory enforcement of cryptocurrency exchanges under different administrations.
The market reacted with mixed sentiments; while the news did not immediately cause significant price movements for Bitcoin or other cryptocurrencies, it underscores how regulatory disputes can impact public perception and investor confidence.
This donation has broader implications for crypto regulation and political influence. It demonstrates that major players in the cryptocurrency space are actively engaging in political activities to shape policy outcomes favorable to their interests.
Traders should monitor future developments from both Gemini and the CFTC, as well as any potential new nominations to the CFTC commission to see how this case might be resolved.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.