Winklevoss twins refunded for exceeding Bitcoin donation limit to Trump
It is uncertain whether the Trump 47 Committee, returned the amount in Bitcoin or converted it to its equivalent value in cash.
The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law.
According to a Bloomberg report, the portion above the legal limit was refunded to the donors, citing a campaign official who spoke on condition of anonymity to discuss the matter.
The twins each announced donations totaling $2 million in Bitcoin in posts on social media site X on Thursday to the presumptive Republican nominee, which would exceed the maximum $844,600 that the Trump committee can legally accept per person.
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Author: Amaka Nwaokocha
