The Winklevoss twins — Cameron and Tyler Winklevoss — have made an impactful move by donating $21 million worth of Bitcoin (BTC) to the Digital Freedom Fund PAC/Political Action Committee. This news has made headlines as the twin brothers are helping support the US President Trump and his administration to continue igniting “America’s Golden Age”.
But wait, that’s not the core discussion of this piece of information. Our talk is to explore the Winklevoss bros. If you have ever heard about Winklevoss, you probably connect them with the infamous Facebook saga! Did you know when they dipped their toes in the digital world, or how much they have contributed?
Winklevoss twins and the Facebook feuds in 2003
Cameron and Tyler Winklevoss rode Bitcoin’s innovation to billionaire status!
Cameron and Tyler Winklevoss, the Harvard feuds, made news back in 2003, arguing over ownership of Facebook. The tech brothers claimed that Mark Zuckerberg stole their idea to create the leading social media bellwether. Although Zuckerberg started his journey with Facebook, the Winklevosses received a $65 million settlement from the lawsuit filed against the founder! And that made them rich, and the news world took it to heights, opening a new chapter for the bros.
Bitcoin sparks Winklevoss’ crypto empire
Cameron and Tyler Winklevoss began their journey into crypto in 2012 after exploring Bitcoin’s beauty, the beauty of digital gold that revolutionized digital money! Captivated by the decentralized ethos and dream to revolutionize finance, invested some million of Bitcoin.
Gemini, the blockchain empire of the crypto kings
With a strong belief in blockchain technology, the Winklevoss twins started Gemini, a crypto exchange and custodian bank, in 2014. In 2018, the duo also launched a stablecoin token, Gemini Dollar (GUSD).
The crypto platform expanded beyond US boundaries, offering services in Asia, Europe, and Canada.
Gemini secures MiCA license
Adding to the latest array of brighter achievements comes Gemini obtaining a license from Markets in Crypto-Assets Regulation (MiCA), the European Union’s comprehensive framework for digital assets.
Winklevoss’ Bitcoin gift is not the first
Before the US presidential campaign in 2024, Tyler Winklevoss announced on X that he had donated $1 million in bitcoin (15.47 BTC) to Donald Trump, supporting the Republican’s pro-crypto election works.
And, the recent donation of $21 million in BTC marks another move as the duo looks to support open banking systems, mandatory rulemaking, and exemptions for finance, Project Crypto, fair access to banking, and more.
Despite first gaining fame through their dispute with Facebook over idea ownership, the crypto brothers have become high-profile figures in the digital asset industry with the launch of Gemini and the Gemini Dollar. Their status as crypto billionaires has drawn even more attention, particularly after Trump adopted a strongly pro-crypto stance on digital currencies and related initiatives.
