Cameron and Tyler Winklevoss, the founders of the Gemini crypto exchange, have donated $21 million to support Republican congressional candidates for the upcoming midterm elections, aiming to bolster President Donald Trump's crypto agenda. This move diverges from the broader crypto industry’s trend of bipartisan support, as the Winklevosses criticize Democrats for their perceived 'bad-faith' tactics against the Trump administration's initiatives. They have contributed to the Digital Freedom Fund PAC, which focuses solely on GOP candidates, a stark contrast to the industry-backed Fairshake PAC that supports candidates from both major parties who champion crypto legislation. The brothers express concern that a Democratic victory could jeopardize past gains in crypto policy. Their substantial contribution signifies a significant and possibly polarizing voice within the crypto sector amidst a push for policies that optimize innovation without excessive regulation. This development highlights the evolving political landscape as major stakeholders in the crypto space assert their influence ahead of crucial electoral battles.

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