Supported by multi-million greenback Bitcoin donations from Winklevoss Twins, the Digital Freedom Fund's political motion committee is strengthening pro-cryptic management via US coverage and elections.
Winklevoss Twins Energy Digital Freedom Fund To Again Professional-Crypto US Agenda
Tyler and Cameron Winklevoss, co-founders of Gemini of Crypto Alternate, introduced on August 20 that they donated $21 million in Bitcoin to Bitcoin (PAC), price 188.4547 BTC, on social media platform X. When asserting the donation, Tyler declared: “The mission of the Freedom Fund PAC is to appreciate President Trump's imaginative and prescient to make America the world's crypto capital. Since taking workplace, Potus and his administration are based mostly on the guarantees they’ve made on the marketing campaign path,” he added:
We hope to proceed this unprecedented progress and momentum. Our objective is to help President Trump and his administration's efforts to mark the arrival of the golden age of America.
The PAC is planning to channel assets in the direction of the midterm of 2026 and is seeking to choose candidates to help the administration's pro-crypto agenda.
The Winklevoss-backed PAC has laid out a variety of coverage agendas to reshape the digital property panorama. The proposals embrace a Bitcoin and Crypto Invoice of Rights to make sure possession and peer-to-peer buying and selling rights, authorized safety for builders, and a ban on central financial institution digital forex (CBDC). Different measures embrace truthful banking entry, increasing open banking, and guaranteeing obligatory guidelines creation by regulators to reply to crypto in a technology-neutral framework.
These efforts intention to scale back what founders described as extreme compliance prices and regulatory seize, however to clear the pathway for startups to compete on equal footing with incumbents.
The group has additionally pledged to affix forces with teams aligned with different industries to increase its attain past its core legislative efforts. As Tyler defined:
The Digital Freedom Fund works with equally aligned Procrypt Teams to determine and help different points, similar to DE Minimis tax exemptions for Bitcoin and different crypto transactions, unlocking the chances of those applied sciences, industries and America.
The initiative follows latest authorities efforts, together with the President's Working Group Report, SEC Chairman Paul Atkins' “Challenge Crypto” and CFTC's “Crypto Dash.” Critics argue that loosening surveillance might improve threat to traders and monetary markets, however supporters argue that lean laws are important for the US to stay globally aggressive in digital property.
