Bloomberg Law
June 21, 2024, 7:05 PM UTC

Winklevoss Twins Refunded After Trump Crypto Gift Exceeded Limit

Stephanie Lai
Bill Allison
Bill Allison
Bloomberg News

<-bsp-person state="{"_id":"00000190-3c41-d497-a7fb-fc4d4f010000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Cameron and <-bsp-person state="{"_id":"00000190-3c41-d497-a7fb-fc4d4f010001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Tyler Winklevoss were refunded after their Bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law.

The billionaire twins, who clashed with Facebook founder Mark Zuckerberg over ownership of the social network, now run <-bsp-bb-link state="{"bbHref":"bbg://securities/0610500D%20US%20Equity","_id":"00000190-3c41-d497-a7fb-fc4d4f030001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Winklevoss Capital Management and are large investors in Bitcoin. Both said they donated the equivalent of $1 million of the cryptocurrency to the presumptive Republican nominee — which would exceed the maximum $844,600 that the Trump committee can legally accept per person.

The portion above that limit was refunded to the donors, according to a campaign official who ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.