Winklevoss twins gave $10.018 million in Bitcoin to pro-Trump super PAC

Cameron and Tyler Winklevoss donated a combined $10,018,464.91 in Bitcoin to MAGA Inc., the super PAC aligned with President Donald Trump, on June 19, 2026, according to newly filed Federal Election Commission records. The filing shows the committee sold the donated Bitcoin through Gemini, the brothers’ crypto exchange, with four June 19 entries naming the platform and indicating the Bitcoin was sold to unknown purchasers. The donations came 23 days after the Commodity Futures Trading Commission asked a judge to vacate or unwind parts of a 2025 judgment against Gemini. The records establish that sequence, but they do not provide evidence that the gifts caused or influenced the agency’s move, that the CFTC coordinated with the donors, or that any quid pro quo occurred. Cameron Winklevoss’s entries totaled $5,006,604.47 and Tyler Winklevoss’s totaled $5,011,860.44. Under FEC rules, a political committee that sells donated Bitcoin must disclose the exchange used, while the eventual buyer can remain anonymous and is not treated as a contributor. The new disclosure adds political and business context around the Gemini founders, who in 2024 said they had donated 30.94 Bitcoin, then worth more than $2 million, to President Trump’s campaign and argued he was the “pro-Bitcoin, pro-crypto, and pro-business choice.” The June 2026 contribution also comes as MAGA Inc. has raised more than $400 million ahead of November’s midterm elections. The CFTC said it changed course after concluding the complaint against Gemini would not have been brought under current enforcement standards. The agency cited credibility issues with a whistleblower account, evidentiary weaknesses, missing supporting material requested by a commissioner before the case was authorized, and objections over privilege and relevance that hampered Gemini’s defense. It also said regulatory authority had been used improperly as settlement leverage, and pointed to Gemini’s status as a fraud victim and to a broader shift in federal digital-asset policy. In an amended joint motion, the parties asked the court either to vacate the consent order or to remove its remaining forward-looking provisions, including a permanent injunction. A $5 million penalty imposed in 2025 has already been paid and would not be returned. The concentration of political spending is likely to sharpen scrutiny of CFTC independence as lawmakers consider giving the agency a bigger role in crypto market structure, even if timing alone does not prove influence.