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Bitcoin Slump Hits Winklevoss Super-PAC Fundraising

Bloomberg Markets •
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The Winklevoss twins' political action committee (PAC), fueled by their Bitcoin holdings, saw its fundraising efforts impacted by the cryptocurrency's recent price fluctuations. The PAC, which raised over $22 million in the latter half of 2025, may find its financial clout diminished due to the volatility inherent in crypto markets. This highlights the risks of tying political donations to volatile assets.

The brothers, founders of the Gemini cryptocurrency exchange, have been active in political circles, using their digital wealth to influence policy. Bitcoin's value has experienced dramatic swings, directly affecting the purchasing power of their digital assets. This creates uncertainty for the PAC's ability to fund its intended initiatives and support specific candidates.

The implications extend beyond just this PAC. It underscores the challenges of using digital assets for political contributions. As regulatory scrutiny of cryptocurrencies intensifies, the intersection of crypto and politics will continue to be closely watched. The impact of such volatility could make donors reconsider how they contribute to political causes.

Looking ahead, it's crucial to monitor how the Winklevoss PAC adjusts its strategy in response to Bitcoin's price movements. Will they diversify their holdings or alter their fundraising approach? Furthermore, the entire crypto industry will be watching how this plays out, including its impact on political influence and policy debates.