The Winklevoss twins, prominent figures in the cryptocurrency industry, each donated $1 million in bitcoin to Donald Trump’s campaign and pledged their support for the former president in November, citing Joe Biden’s perceived hostility towards crypto.

Cameron Winklevoss asserted on X (formerly Twitter) that Trump is “pro-Bitcoin, pro-crypto, pro-business” and vowed that Trump would halt the Biden Administration’s alleged anti-crypto agenda.

Tyler Winklevoss echoed these sentiments with a critique of Biden’s crypto policies, calling for action from the “crypto army” to oppose what he described as political persecution from Washington.

According to Tyler, the Biden administration has employed regulatory measures that hinder the crypto industry, accusing them of compromising agency missions and integrity.

During a recent San Francisco fundraiser, Trump positioned himself as a champion of cryptocurrency, contrasting sharply with Democratic efforts to regulate the sector.

The Winklevoss twins, with a combined net worth of $5.4 billion as per Forbes, have been navigating challenges in the crypto realm, amidst broader issues stemming from the collapse of Sam Bankman-Fried’s FTX exchange.

Notably, the brothers gained fame for their legal battle against Mark Zuckerberg over the creation of Facebook, before founding the Gemini cryptocurrency exchange.

Gemini, their venture, recently faced regulatory scrutiny in New York, resulting in restrictions on its crypto-lending operations due to allegations of misleading investors about risks associated with its Earn program. Attorney General Letitia James accused Gemini of deceiving “hundreds of thousands of people.”

Gemini responded positively to the situation, announcing an agreement with James’s office to address the issues raised.