Some of the donations made by Cameron and Tyler Winklevoss to Donald Trump’s presidential campaign have been refunded because they exceeded the maximum amount allowed by federal law.
The billionaire twins, known for their feud with Facebook founder Mark Zuckerberg, donated BTC worth $10,000 each to Trump, surpassing the legal limit of $844,600 per person.
Campaign officials, who spoke on condition of anonymity, confirmed that the excess amount has been retrieved.
These donations were allocated to Trump’s campaign team, his political action committee, the Republican National Committee, and 42 state party committees.
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This donation highlights the growing relationship between Trump and the cryptocurrency industry. With investors and industry advocates supporting candidates who endorse more relaxed regulatory measures, the impact of this legislation is increasing in the 2024 election.
Trump actively engages with the cryptocurrency community, mentioning Bitcoin in his campaign events and meeting with Bitcoin miners. He expressed his desire for a closer connection between the future of the United States and cryptocurrencies.
