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Winklevoss Twins Put $21M in BTC Into GOP Races as 2026 Midterms Loom

Arry Hashemi
Arry Hashemi
Aug. 21, 2025
Cryptocurrency entrepreneurs Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, have taken an overtly partisan turn by contributing a staggering $21 million in Bitcoin to the newly established Digital Freedom Fund PAC. The super-PAC is devoted exclusively to Republican candidates aligned with pro-crypto policies, marking a departure from the industry’s typically nonpartisan approach to political support.
WinklevossWinklevoss twins back GOP with $21M midterm push. (Shutterstock)

The new PAC was registered with the Federal Election Commission to promote a Republican-led legislative agenda on digital assets. Its launch underscores how deeply intertwined cryptocurrency regulation has become with partisan politics in Washington, reflecting the industry’s growing influence on the national stage.

The Digital Freedom Fund PAC, registered just last month, is tailored to champion Republican lawmakers who align with President Trump’s crypto agenda. On social platform X, Tyler Winklevoss made the PAC’s intentions clear, stating that the group will identify and support champions of Trump’s crypto priorities in both primary races and the midterm elections.

He argued that without a Republican majority in Congress, Democrats could slow or interfere with the administration’s momentum on digital assets. This explicitly partisan mission sets the fund apart from Fairshake, a larger crypto industry PAC that has directed its resources across both parties as long as candidates are supportive of blockchain innovation.

The Winklevoss twins are no strangers to political activity in the crypto space. In 2024, they each pledged $1 million in Bitcoin to Trump’s campaign. That donation exceeded federal individual caps and led to partial refunds, but it sent a strong signal of their commitment to candidates they view as friendly to crypto.

They also contributed $4.9 million to Fairshake, reinforcing their role as consistent donors to industry causes. Their latest move builds on this track record but does so in a far more pointed way, with all funding now flowing exclusively to Republican races.

The significance of this $21 million contribution goes beyond the size of the check. It represents an escalation in the industry’s political engagement, reflecting how deeply tied the future of crypto regulation has become to electoral outcomes. Rather than spreading influence across both sides of the aisle, the Winklevoss twins are betting heavily on conservative leadership to deliver favorable policy.

The risks of this approach are obvious. If Republicans fail to hold or expand their presence in Congress, the Digital Freedom Fund PAC could see its influence sharply reduced. Yet the rewards are equally strong. A successful strategy could help fast-track legislation on stablecoins, tokenization, and broader frameworks for digital assets.

The move also reflects broader dynamics in the industry. Crypto PACs like Fairshake spent more than $40 million on congressional races in 2024, making them some of the largest political spenders in Washington. The Winklevoss twins’ decision to concentrate their support within one party underscores how individuals, not only institutions, are shaping the industry’s lobbying power.

This partisan turn could also test unity within the sector. While some companies may welcome a Republican-led policy agenda, others might prefer to keep crypto’s influence bipartisan to maintain flexibility no matter which party is in power. The creation of a GOP-only super-PAC highlights a growing debate inside the industry about how best to wield political capital.

The Digital Freedom Fund PAC’s activities will be closely scrutinized. Observers want to know which candidates will receive backing, how the funds will be deployed across battleground districts, and whether other major players will follow with similar partisan strategies.

Regulators and watchdogs will also monitor the PAC, both because of the large sums involved and because of its explicit alignment with the policy priorities of a sitting president. The unusual closeness between industry funding and presidential policy goals will likely invite attention from campaign finance experts.

With the 2026 midterm elections approaching, the fight for influence over crypto policy is intensifying. Both parties will need to reassess their platforms and approach to digital assets as donors like the Winklevoss twins demonstrate a willingness to pour tens of millions of dollars into the contest.

Whether this gamble pays off for Republicans is uncertain. But what is clear is that the stakes for cryptocurrency regulation have never been higher, and the Winklevoss twins have now placed themselves at the center of the political battle shaping the industry’s future.