Gemini’s $10M Bitcoin Donation to Trump PAC Follows CFTC Reversal
Gemini’s $10 million Bitcoin donation to the MAGA Inc. Super PAC landed in the public record quietly — buried in a campaign finance report filed on a Monday. But the timing is anything but routine. The contribution arrived roughly three weeks after Gemini and the US Commodity Futures Trading Commission jointly filed a motion to reverse a regulatory settlement worth half that amount, setting off a chain of questions about the intersection of crypto money, political access, and regulatory relief.
Key takeaways
- Gemini Trust Company sent two Bitcoin contributions totaling more than $10 million to the MAGA Inc. Super PAC on June 19, disclosed in a July FEC filing.
- The donation came about three weeks after Gemini and the CFTC jointly moved to reverse a $5 million settlement from January 2025.
- CFTC Chair Michael Selig claimed prior enforcement against Gemini was politically motivated under the Biden administration.
- The Winklevoss brothers had previously donated $1 million each to Trump’s 2024 presidential campaign.
- As of July 23, 2026, Selig remains the sole CFTC commissioner, with no new nominations announced by the White House.
Gemini’s $10 Million Bitcoin Donation to Trump PAC
The MAGA Inc. Super PAC‘s July report to the Federal Election Commission confirmed what few had publicly tracked: Gemini Trust Company, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, sent two separate contributions of more than $5 million each in Bitcoin on June 19. Together, they add up to a $10 million political commitment — one of the most significant crypto donations ever reported to the FEC.
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