"It's nice that Trump has a lot of support, but don't keep your promises."
The Winklevoss twins, co-founders of the Gemini cryptocurrency exchange contributed 15.47 Bitcoin (BTC) worth $1 million to the re-election campaign of former United States (US) President Donald Trump who is a staunch supporter of digital assets compared to President Joe Biden.
Trump is pro-BTC and pro-crypto, commented Cameron and Tyler Winklevoss, claiming the Biden administration is not only using regulatory action against crypto firms but weaponizing the banking system.
Be aware that the Securities and Exchange Commission (SEC) has previously taken enforcement action against firms involved in crypto during the Biden administration and referred to it as Operation Choke Point 2.0.
It is true that Trump has been found guilty of 34 criminal charges with a sentencing hearing scheduled for July 11, 2024, but he has the highest poll ratings of any candidate for the Republican nomination for president.
Although many support the support provided by the Winkelvoss twins, there are others who are wary of Trump's behavior since he once called BTC a fraud in 2021.
Even so, the current changing political environment shows that crypto has finally managed to become an important part of the US political process while candidates from both parties interact with the industry on different levels.
While at a fundraiser in San Francisco, Trump vowed to end Biden's war on crypto if he wins the election and this has led to international leaders including El Salvador President Nayib Bukele backing him.
In addition to going out of his way to reach out to the crypto community and inviting non-fungible token (NFT) buyers to dinner, Trump also announced that his campaign will accept crypto donations and meet with major mining firms.