Tyler and Cameron Winklevoss, co-founders of Gemini, disclosed donating $1 million each in Bitcoin (CRYPTO:BTC) to former President Trump.
They criticised the Biden administration for its regulatory stance on cryptocurrency, accusing it of hostility towards the industry and excessive SEC scrutiny.
Trump, dubbed "Pro-Bitcoin Pro-Crypto Pro-Business," was endorsed by the twins as a candidate they believe will halt what they perceive as an assault on crypto.
The Biden administration's regulatory framework, which includes empowering the SEC, has drawn ire from Republicans and industry figures alike, with Gemini itself facing legal challenges.