Tyler and Cameron Winklevoss said they spent $ 21 million to pursue the momentum of the cryptographic policy led by republican legislators, against a wider effort that carefully supports politicians of the two major parties.
The mid-term elections of the US Congress are approaching next year, and they promise an intense political confrontation which could leave President Donald Trump without the republican control of the Congress who helped him push cryptographic policy beyond the finish line. The brothers give the Freedom Fund political action committee to support the candidates of the GOP, they said on Wednesday.
The contribution made to Bitcoin
“Identify and support the crypto agenda champions of President Trump in primary races and mid-term elections”, Tyler Winklevoss said in a post On the social media site X. If the Democrats prevail mid-term, as the opposition parties often do in the midst of a presidential term, Winklevoss said they would hinder Trump’s day.
“We know by their past behavior that they will use all the tactics and tips in bad faith that they can think (for example, false dismissalLawfare, etc.) to try to derail the president, “he wrote.
The brothers who direct the Gemini Crypto Exchange and have become a must in the crypto events of the White House and were publicly rented by Trump, but their approval of the Republicans is the broader insistence of the industry as the cryptographic policy is bipartite and that the politicians of the two parties are supported as long as they promote the sector.
During the elections following last year’s congress, the cryptography industry erected an unprecedented Campaign Cash tower in PAC Fairshake and its affiliated societies, exceeds other industries and even competing with the big pecs led by parties. The frenzy of campaign expenditure led to dozens of political victories which helped to win the level of support of the industry at the current congress, which quickly evolved to support the initiatives of digital assets – in particular the guidance and the establishment of national innovation recently adopted for the American stablecoins (Genius) Act.
Senator Tim Scott, a republican who now chairs the Senate banking committee, thanked the industry for overthrowing former senator Sherrod Brown, the Ohio Democrat who previously headed the Committee on Tuesday in Salt Wyoming.
Fairshake, who has already raised $ 141 million For the next elections in Congress after a recent bump of $ 25 million in Coinbase, has deliberately divided its allegiances between the parties. The industry has long pushed the subject of discussion that its objectives are not supporters, and the affiliates of Fairshake sought to underline this position by supporting the Democratic and Republican candidates who are ready to defend the bills of Crypto.
The Super CAP favored by the Winklevoss brothers was formed last month, according to Federal Dostats of the Electoral CommissionAnd has not yet disclosed its giving activity. It is set up to spend money independently, which means that the campaigns in which it weighs cannot have direct involvement with the CAP expenditure decisions. This Super PAC structure also allows it to spend unlimited amounts, such as tens of millions of people spent by industry in places like Ohio and California last year.
Winklevosses continue monitoring the structure of the American cryptography market which “avoids the traps of over -regulation, swollen license regimes and the increase in administrative formalities which only serves to stifle innovation, to develop the regulatory industrial complex and to empower the marshes,” wrote Tyler.
This marks a second recent development in which men behind Gemini move from most of their industry. Tyler Winklevoss stood up as a major critic of President Trump’s candidate to lead the Commitoy Futures Trading Commission, Brian Quintenz. All the main crypto lobbying groups sent a letter to Trump Wednesday, in the vigorous support of Quintenz, which was a political framework in A16z.
