Gemini founder donates $21 million worth of BTC to support the push for cryptocurrency legislation in the U.S

ChainCatcher News, the founders of the American cryptocurrency exchange Gemini, the Winklevoss brothers, announced on social media that they have donated $21 million worth of Bitcoin, approximately 188.4547 BTC, to the Digital Freedom Fund PAC.

The Winklevoss brothers stated that since Trump's inauguration, they have not only fulfilled campaign promises but have also exceeded expectations, hoping that this unprecedented progress and momentum can continue to support President Trump and his administration's efforts to lead America into a golden age.

The Digital Freedom Fund will focus on the following areas:

• Winning the midterm elections by identifying and supporting candidates who advocate for President Trump's cryptocurrency agenda in the primaries and midterms;
• Advocating for thoughtful market structure legislation that solidifies the freedom for the cryptocurrency industry to thrive while avoiding overregulation, cumbersome licensing systems, and additional red tape that stifles innovation, expands the regulatory industrial complex, and empowers the "swamp";
• Pushing for a streamlined market structure bill that includes a Bitcoin and cryptocurrency rights act, clearly stating users' rights to own, self-custody, and engage in peer-to-peer (P2P) Bitcoin and cryptocurrency transactions;
• Opposing central bank digital currencies (CBDCs) and advocating for legislation to prohibit central bank digital currencies (CBDCs).