Share this article

Cameron and Tyler Winklevoss Each Contributed $250,000 to New Trump-Aligned Super PAC

America PAC has raised $8.75 million this quarter from a handful of tech and venture capital executives.

Updated Jul 16, 2024, 4:16 p.m. Published Jul 16, 2024, 4:14 p.m.
Donald J. Trump at a rally (Gerd Altmann, modified by CoinDesk)
Donald J. Trump at a rally (Gerd Altmann, modified by CoinDesk)

An elite group of venture capitalists, business moguls and tech executives including Gemini co-founders Tyler and Cameron Winklevoss have contributed a combined $8.75 million to a new super political action committee (PAC) backing Donald Trump’s presidential campaign.

According to America PAC’s latest filings with the Federal Election Commission (FEC), other donors to the PAC include former managing director of Sequoia Capital Douglas Leone, Palantir co-founder Joe Lonsdale, and Troy Link, CEO of Jack Link’s Beef Jerky.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

Elon Musk has also reportedly committed to donating to America PAC, though his name does not currently appear on any of the PAC’s July filings. Yesterday, the Wall Street Journal reported, citing sources familiar, that Musk planned to donate a whopping $45 million per month to the PAC. But Musk has seemingly denied the report, replying to the WSJ’s post on X about the report with a meme that said “FAKE GNUS.”

After the former president was injured in an apparent assassination attempt at a rally in Pennsylvania over the weekend, Musk came out in full support of Trump’s reelection campaign on social media, posting “I fully endorse President Trump and hope for his rapid recovery.”

Whether Musk is, in fact, donating to America PAC or not, he is one of a growing number of high profile tech and business executives who have recently declared their support for Trump’s campaign. Crypto executives – like Kraken founder Jesse Powell, who donated $1 million to Trump, largely in ether – have also been outspoken about supporting Trump’s reelection.

In addition to their contributions to America PAC and other super PACs, including pro-crypto PAC Fairshake (to which the brothers have donated roughly $5 million), the Winklevoss twins said in June they each gave $1 million to Trump’s campaign. A portion of their donations were later refunded to comply with legal limits on individual donors.

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

CFTC Launches Digital Assets Pilot Allowing Bitcoin, Ether and USDC as Collateral

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Acting Chair Caroline Pham has unveiled a first-of-its-kind U.S. program to permit tokenized collateral in derivatives markets, citing "clear guardrails" for firms.

What to know:

  • The CFTC has launched a pilot program allowing BTC, ETH and USDC to be used as collateral in U.S. derivatives markets.
  • The program is aimed at approved futures commission merchants and includes strict custody, reporting and oversight requirements.
  • The agency also issued updated guidance for tokenized assets and withdrew outdated restrictions following the GENIUS Act.