The billionaire Winklevoss twins were refunded after their Bitcoin donations to Donald Trump’s presidential campaign. The donations were said to exceed the maximum legal amount.
A Bloomberg report indicated that the excess donations were refunded, citing an anonymous campaign official.
The twins had individually announced donations totaling $2 million in Bitcoin on social media. It surpasses the $844,600 per person legal limit that the Trump committee can accept.
It is unclear if the Trump 47 Committee, which usually handles larger contributions, returned the excess amount in Bitcoin or converted it to cash.
See Related: Trump Pledges To Accept Cryptocurrency For Campaign Donations
The report states that the donations are distributed among Trump’s campaign, a political action committee covering his legal expenses, the Republican National Committee, and 42 GOP state party committees.
Donald Trump Accepts Crypto Donations
On May 21, Donald J. Trump’s presidential campaign began accepting crypto donations. On the website, you can choose between Coinbase, Gemini, or Anedot. Crypto that was accepted includes BTC, ETH, SOL, USDC, XRP, DOGE, ZRX, and SHIB.
Donald Trump’s embrace of cryptocurrency donations for his presidential campaign marks a significant shift in his approach to digital assets. This acceptance aligns with a broader trend among political candidates seeking to attract support from the growing crypto industry.