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Winklevoss Twins Pump $21M into New Crypto Super PAC for 2026 Midterms

Winklevoss Twins Pump $21M into New Crypto Super PAC for 2026 Midterms

Published:
2025-08-20 21:29:22
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Winklevoss twins donate $21M to new crypto PAC targeting 2026 midterms

Crypto's power players are buying political influence—and they're not being subtle about it.

The Winklevoss twins just dropped a cool $21 million into a new cryptocurrency-focused political action committee. Their target? The 2026 midterm elections. Because nothing says 'democratic process' like throwing Silicon Valley money at Washington until it complies.

This isn't just donations—it's a full-scale assault on traditional finance's grip on policy. The twins are positioning crypto not as an alternative, but as the inevitable future. And they're betting $21 million that politicians will see it their way.

Wall Street might call it lobbying—crypto calls it disrupting the political industrial complex. Because when banks own politicians, you don't break up the banks—you buy better politicians.

Focus on regulatory framework

The PAC advocates for “thoughtful Market Structure legislation” through what Winklevoss describes as a “Skinny Market Structure Bill” designed to avoid regulatory overreach. 

The proposed legislation encompasses six key components, including a “Bitcoin and Crypto Bill of Rights” codifying ownership, self-custody, and peer-to-peer transaction rights.

Software developer protections rank among the PAC’s priorities, with Winklevoss drawing parallels to Section 230 of the Communications Decency Act, which provided legal immunity for online platforms. 

Tyler said that similar protections WOULD allow crypto innovation to flourish by shielding code writers from liability.

The Digital Freedom Fund opposes Central Bank Digital Currencies (CBDCs), characterizing these assets as “totalitarian technologies” that enable government overreach. 

Additional priorities include ensuring fair access to banking protections, promoting open banking, and mandating rulemaking requirements for financial regulators to accommodate crypto businesses.

Support for initiatives from regulators

The PAC supports SEC Chairman Paul Atkins’ “Project Crypto” initiative and CFTC Acting Chairman Caroline Pham’s “Crypto Sprint” implementation. Both initiatives stem from recommendations in the July 2025 Presidential Working Group report on digital financial technology.

Winklevoss positioned these regulatory efforts as watershed moments for the crypto industry, describing Atkins’ approach as “everything we had ever hoped for and more.”

Tyler advocated for rejecting regulatory capture, comparing crypto startup costs to company registration differences between the US and Haiti. 

He argued that regulatory processes should remain accessible to “any startup, including those founded in a dorm room or garage, not just deep-pocketed incumbents.”

The PAC’s announcement did not identify additional leadership members or organizational partners. However, Winklevoss indicated plans to collaborate with similarly aligned pro-cryptocurrency groups on issues including de minimis tax exemptions for digital asset transactions.

|Square

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