Winklevoss Twins Refunded After Trump Crypto Gift Exceeded Limit [BNN Bloomberg (Canada)]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: BNN Bloomberg
The billionaire twins, who clashed with Facebook founder Mark Zuckerberg over ownership of the social network, now run 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 spoke on condition of anonymity to discuss the matter. It is unclear whether the Trump 47 Committee, which received the Bitcoin donation and is focused on bigger contributors, refunded the amount in crypto currency or its cash equivalent. The donated money is split among the former president's campaign, the leadership political action committee that pays his legal bills, the Republican National Committee and 42 GOP state party committees. The contribution is the latest sign of the courtship between
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