Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC
Cointelegraph 2026-07-23 21:47:39
Context: Gemini, a cryptocurrency exchange, has made a significant Bitcoin donation of $10 million to a political action committee (PAC) supporting Donald Trump. This move comes as a New York court weighs the possibility of overturning a $5 million settlement between Gemini and the Commodity Futures Trading Commission (CFTC). The donation was made following a joint motion with the CFTC.
Key Facts
- Gemini sent $10 million in Bitcoin to a political action committee (PAC) that supports Donald Trump, a move that has garnered significant attention in the cryptocurrency and political spheres.
- The Bitcoin donation was made in the context of a New York court considering whether to reverse a $5 million settlement between Gemini and the Commodity Futures Trading Commission (CFTC).
- The $5 million settlement between Gemini and the CFTC was previously agreed upon, but its potential reversal is now being weighed by a New York court, adding a layer of complexity to Gemini's recent donation.