A pair of billionaire twins exceeded federal limits by each donating $1 million worth of Bitcoin to former President Donald Trump — and received refunds to bring them into compliance with the law, according to a report.
The hefty contributions from Cameron and Tyler Winklevoss were more than the legal maximum of $844,600 per person and the overages were returned to them, Bloomberg said Friday, citing an unidentified Trump campaign official.
It's unclear whether the Trump 47 Committee made refunds in Bitcoin or cash, Bloomberg said.
Trump has been courting cryptocurrency investors and attacking Democratic efforts to regulate the industry following revelations of widespread fraud, including last year's conviction of Sam Bankman-Fried in the $11 billion collapse of his FTX crypto exchange.
On Thursday, President Joe Biden's presumptive Republican challenger told the "All-In" podcast that he met the Winklevoss twins at a San Francisco fundraising event with tech executives earlier this month and called them "very nice," Bloomberg said.
He also met with Bitcoin miners at his Mar-a-Lago club in Florida this month and he has reportedly discussed cryptocurrency policy with billionaire Elon Musk, who favors the rival Dogecoin brand of digital money.
The Winklevosses, 42, founded and run the Gemini crypto exchange and are each estimated by Forbes to be worth $2.7 billion.
In February, New York state regulators said Gemini would return at least $1.1 billion to investors and pay a $37 million fine for engaging in unsafe and unsound business practices involving the since-bankrupt Genesis Global Capital firm.
The twins, former Olympic rowing champions, gained fame by accusing Facebook founder Mark Zuckerberg of stealing their idea for the popular website, as dramatized in the 2010 movie "The Social Network."
They settled a lawsuit over their claims for $65 million in cash and stock.
