Federal Election Commission filings, cited by CryptoSlate, show that the Winklevoss twins donated about $10.018 million worth of Bitcoin to MAGA Inc., a super PAC tied to Donald Trump, on June 19. The filing also says the committee sold the donated Bitcoin through Gemini. The contribution came 23 days after the Commodity Futures Trading Commission joined Gemini’s request to remove parts of a 2025 judgment. In that filing, the CFTC said that under current enforcement standards, its complaint against Gemini would not be brought, and noted both that Gemini was itself a victim of fraud and that federal digital asset policy had changed. The parties also asked the court to lift a permanent injunction, though the $5 million civil penalty already paid by Gemini would not be returned. The disclosures connect a major crypto-denominated political donation with a parallel shift in the regulatory posture around Gemini.
Federal Election Commission filings show that the Winklevoss twins donated about $10.018 million worth of Bitcoin to MAGA Inc., a super PAC associated with Donald Trump, on June 19, according to CryptoSlate.
The filings also show that the committee sold the donated Bitcoin through Gemini.
CFTC and Gemini seek relief from parts of 2025 judgment
The donation came 23 days after the Commodity Futures Trading Commission, or CFTC, said it would join Gemini’s request for relief from parts of a 2025 judgment.
The CFTC had said earlier that, under current enforcement standards, its complaint against Gemini would not be filed. It also said Gemini was itself a victim of fraud and pointed to changes in federal digital asset policy.
The parties have asked the court to dissolve the permanent injunction, but the $5 million penalty already paid by Gemini would not be refunded.
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