The Winklevoss twins donated $10M in Bitcoin to Trump's MAGA Inc. 23 days after the CFTC joined Gemini's relief bid. The FEC filing shows no evidence of coordination.
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Cameron and Tyler Winklevoss donated $10.018 million in Bitcoin to MAGA Inc., the super PAC backing President Donald Trump, on June 19, 2026. The donation came 23 days after the Commodity Futures Trading Commission announced it had joined Gemini’s effort to seek relief from a 2025 judgment.
An FEC filing shows the committee sold the donated Bitcoin through Gemini. The records offer no evidence linking the two events. No indication of coordination or a quid pro quo appears.
Cameron contributed $5,006,604.47. Tyler contributed $5,011,860.44. Four June 19 rows naming Gemini total $10,018,464.91 and say the Bitcoin was sold through the exchange to unknown purchasers.
FEC rules require a political committee selling donated Bitcoin to name the exchange. The buyer can remain anonymous and does not count as a contributor.
The CFTC said its review concluded that the complaint against Gemini would not have been filed under current enforcement standards. The agency cited credibility problems with a whistleblower account, weaknesses in the evidence, and issues with privilege and relevance objections that impeded Gemini’s defense. It also said regulatory authority had been used improperly as settlement leverage.
In an amended joint motion, the parties asked the court to vacate the consent order or lift its remaining prospective provisions, including a permanent injunction. The $5 million penalty imposed in 2025 had been paid and would not be returned.
The June gifts extend the brothers’ earlier support for MAGA Inc. A July 2025 filing attributed about $1.015 million in January bitcoin records to the twins. The newly disclosed amount is nearly ten times larger.
The concentration of donations from a small number of industry executives while their companies remain subject to enforcement policy is likely to draw scrutiny of the CFTC’s independence. Lawmakers are debating the agency’s role in the crypto market structure. The court has not yet ruled on the joint motion.
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