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Blog Post | August 14, 2025

Oligarchs and the Trump Admin: Cameron and Tyler Winklevoss

Campaign FinanceCryptocurrencyFinancial RegulationFintech
Oligarchs and the Trump Admin: Cameron and Tyler Winklevoss

Net Worth as of August 14, 2025: Cameron Winklevoss – $4.6 Billion (Forbes); Tyler Winklevoss – $4.6 Billion (Forbes

  • Tyler and Cameron Winklevoss are billionaires who made their initial fortune from a 2004 lawsuit against Mark Zuckerberg, accusing him of stealing their idea in the creation of Facebook. The Winklevoss twins have since expanded their fortunes through an $11 million purchase of Bitcoin in 2013, founding the venture capital firm Winklevoss Capital, and founding cryptocurrency exchange Gemini. 
  • In June 2024, Tyler Winklevoss tweeted an endorsement of Trump’s candidacy and donated $1 million in bitcoin to his campaign. Winklevoss accused the Biden administration of declaring “war against crypto,” alleging that he has lost “multiple bank accounts” because he owns crypto. Winklevoss supported Trump as the “pro-Bitcoin, pro-crypto, and pro-business choice.”
    • Cameron Winklevoss also donated $1 million to the Trump campaign.  
    • The Winklevoss’ were refunded a portion of the contribution as it exceeded the $844,600 campaign finance limit.
  • The Winklevoss twins founded the crypto exchange firm Gemini. Tyler currently serves as President and Tyler serves as CEO.
    • In January 2025, Gemini agreed to pay a $5 million settlement to the Commodities Futures Trading Commission (CFTC) for violating the Commodity Exchange Act and making “false or misleading statements or omissions to the Commission.”
    • In 2024, Gemini agreed to return $1.1 billion to its customers and pay $37 million in fines to the New York State Department of Financial Services (NYDFS). NYDFS said Gemini “failed to conduct due diligence” over its partner Genesis in their joint Gemini Earn venture. Genesis was “later accused of massive fraud” that prevented customers from accessing $1.8 billion in their own funds.
    • In 2023, Gemini was sued by the Securities and Exchange Commission (SEC), accusing its Gemini Earn program, which allowed the lending of crypto assets, of failing to abide by disclosure requirements. Under the Trump administration, however, Gemini and the SEC sent a joint letter to the judge overseeing the case asking for a 60-day delay to “explore a potential resolution.”
  • After initially supporting the nomination of Brian Quintenz to the CFTC, the Winklevoss’ personally spoke to Trump urging him to revoke Quintenz’s nomination.
    • According to Politico, the Winklevoss’ soured on Quintenz after he testified in support of expanding the CFTC budget to include crypto regulation. 
    • The Senate Agriculture Committee then removed a scheduled vote to advance Quintenz’s nomination at the behest of the White House, despite claims from the White House spokesperson that Quintenz is still the nominee. As of this writing, there is no scheduled vote to advance his nomination.
  • The Winklevoss twins have been massive donors to Trump and Republican PACs in 2024 and 2025.
    • In January 2025, the Winklevoss twins donated to Trump’s MAGA Inc. PAC. Cameron contributed just under $500,000, while Tyler donated over $515,000. They also donated $132,900 each to the Republican National Committee.
    • In January 2025, the Winklevoss’ each donated $161,800 to HHS Secretary Robert F. Kennedy Jr.’s PAC, Kennedy Victory Fund 2024. 
    • In March 2025, the Winklevoss’ each donated $186,900 to Republican House Majority Whip Tom Emmer’s PAC Emmer Majority Builders
    • In March 2025, the Winklevoss’ each donated $265,800 to the National Republican Senatorial Committee Victory PAC and $232,200 to the Republican-aligned Defend Our Majority PAC. 
  • The Winklevoss twins invested in American Bitcoin, a crypto-mining venture heavily backed by Eric Trump and Donald Trump Jr. According to reporting from Bloomberg, American Bitcoin will be going public in September as part of a merger with Gryphon Digital Mining that could value Eric Trump’s stake at $367 million.

For more information, see the Revolving Door Project’s Oligarchs in Trump World tracker.


Image Credit: “File:The Winklevoss twins.jpg” by cellanr is licensed under CC BY-SA 2.0.

Campaign FinanceCryptocurrencyFinancial RegulationFintech

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