Gemini introduces new initiative to support cryptocurrencyfriendly political candidates through campaign finance efforts

The Gemini Exchange has unveiled a groundbreaking initiative to support pro-crypto candidates in the upcoming US Presidential election. The announcement comes shortly after Cameron and Tyler Winklevoss donated $2 million to former President Trump’s re-election campaign. In a scathing critique of Joe Biden and his administration’s hostility towards the crypto industry, Tyler Winklevoss highlighted the detrimental impact of their policies on the economy and the nation as a whole. These recent developments signify a growing trend of political engagement within the cryptocurrency sector. Coinbase’s “Stand with Crypto” political action committee (PAC) has already amassed 1 million signatures from pro-crypto voters, while industry leaders have established “The Bitcoin Voter Project” to educate the public about Bitcoin. Additionally, Fairshake, a crypto super PAC, has raised a staggering $169 million in donations to finance political advertisements targeting anti-crypto politicians and candidates. With the cryptocurrency industry taking a proactive role in shaping the political landscape, 2024 is shaping up to be the year of Cryptopolitik.