Winklevoss Twins Donate $4.9 Million to Crypto Super PAC Fairshake

The substantial donation aims to influence crypto regulation and policy in the upcoming 2024 elections.

The Winklevoss twins, co-founders of the crypto trading platform Gemini, have contributed $4.9 million to Fairshake, a super PAC focused on crypto-friendly policies.
Fairshake has raised over $85 million to date, with significant contributions from Coinbase, Ripple, and venture capitalists Marc Andreessen and Ben Horowitz.
The super PAC aims to support politicians who are pro-crypto, intending to advance blockchain technology and the digital asset sector.
Fairshake has recently used its funds to oppose Democratic Senate candidate Katie Porter, criticizing her stance on crypto mining's energy usage.
Political financing from crypto-forward groups is not new, with previous significant contributions from FTX to U.S. Congress members.