TL;DR
- Billionaire twins Cameron and Tyler Winklevoss, founders of Gemini cryptocurrency exchange, have invested in American Bitcoin, a mining company co-founded by Donald Trump Jr. and Eric Trump.
- The company plans to go public through a merger with Gryphon Digital Mining.
- This strengthens the twins’ ties to the Trump family amid their growing influence in U.S. crypto policy and markets.
Cameron and Tyler Winklevoss, co-founders of Gemini, have invested in American Bitcoin, a U.S.-based Bitcoin mining firm linked to Donald Trump Jr. and Eric Trump. The investment amount is undisclosed but signals deeper collaboration as American Bitcoin prepares to go public via merger with Gryphon Digital Mining. This move aligns with the twins’ broader strategy to expand crypto infrastructure in the United States.
The Winklevoss twins are active crypto advocates in Washington, contributing to political efforts and regulatory talks. In fact, they donated $2 million to Donald Trump’s 2024 campaign and joined a White House crypto summit in March. Their presence at the July 18 signing of the GENIUS Act, focused on regulating payment stablecoins, showed their growing influence in shaping policy. They continue to support initiatives that foster innovation while promoting responsible regulation.
Gemini’s Expanding Role
Gemini aims for public market growth, filing for an IPO with the U.S. SEC in June. This comes as the SEC, led by chair Paul Atkins—a Trump appointee—dropped an investigation into Gemini’s Earn program, which faced scrutiny over unregistered securities claims. The regulatory relief and IPO filing highlight Gemini’s confidence navigating crypto regulations and adapting to evolving market demands.
American Bitcoin’s planned public listing via Gryphon Digital Mining could be a milestone for U.S.-based Bitcoin miners, especially those with political ties. The Winklevoss twins’ involvement adds credibility and strategic support for the venture’s ambitions, reflecting their long-term commitment to building robust crypto ecosystems domestically.
Influence On Regulatory Appointments And Policy
Besides financial backing, the Winklevoss brothers reportedly influenced regulatory appointments. Politico reported they may have helped persuade the White House to delay the Senate Agriculture Committee vote on Brian Quintenz’s nomination as Commodity Futures Trading Commission (CFTC) chair. Previously, the twins supported Quintenz, seen positively by many in crypto.
The Winklevoss twins’ investment in a Trump-linked Bitcoin mining firm shows their ongoing commitment to expanding U.S. crypto infrastructure. Their combined business and policy efforts reflect how crypto entrepreneurs continue shaping the industry amid evolving political dynamics, helping to position the U.S. as a leader in digital finance innovation.
