Tyler and Cameron Winklevoss opposed Trump’s CFTC nominee Brian Quintenz

Tyler and Cameron Winklevoss, both billionaires and longtime crypto backers of President Trump, are openly fighting Brian Quintenz, the man Trump nominated to run the Commodity Futures Trading ￰0￱ clash broke into public view last week as the twins prepared their company Gemini Space Station for its market debut, as Cryptopolitan reported ￰1￱ feud came to light when Brian posted private messages from Tyler on ￰2￱ those messages, Tyler raged over what he called years of pressure from the Biden administration on Gemini and demanded help from Trump’s nominee. “7 years of lawfare trophy hunting. It’s outrageous what they did to us,” Tyler wrote in ￰3￱ brothers flex political muscle in Washington The 44-year-old twins have poured millions into Trump’s comeback and into pro-crypto groups that want friendlier ￰4￱ are determined to see the CFTC steered by someone who will ease the rules on ￰5￱ instead of supporting Brian, a Republican with backing from many industry groups, the brothers are fighting ￰6￱ were quick to call it ￰7￱ Reiners, a lecturing fellow at Duke University, said , “It’s a total temper ￰8￱ is about wanting revenge and wanting to punish people…It’s not necessarily about policy going forward.” The fight caught attention because Brian has been known as pro-crypto, yet the brothers still chose to go after ￰9￱ twins have always thrived on ￰10￱ Harvard, they sued Mark Zuckerberg, accusing him of stealing their idea for Facebook, a story later told in “The Social Network.” They walked away with $65 million in cash and ￰11￱ later bet big on bitcoin, buying in 2012 when the price was below $10.

In 2013, they tried to launch the first bitcoin ETF, but the SEC blocked ￰12￱ exchange Gemini, founded in 2014, was supposed to cement their place in the ￰13￱ IPO last week raised $425 million, leaving them with about 75 million shares and 94.7% of the voting ￰14￱ after an initial pop, shares fell more than 20% and dropped below the $28 IPO ￰15￱ exchange has struggled in recent quarters, losing money while larger players like Coinbase ￰16￱ allies build new networks as nomination stalls The brothers are keeping their political connections close as Gemini weathers ￰17￱ year they gave Trump’s presidential campaign direct ￰18￱ also handed nearly $5 million to a pro-crypto group that spent on Congressional ￰19￱ last month, they gave $21 million worth of bitcoin to Digital Freedom Fund, a new super PAC built to support crypto and ￰20￱ has made his feelings ￰21￱ a bitcoin event last year, he called the twins “male models with a big, beautiful brain,” a moment that marked his turn from doubter to strong supporter of ￰22￱ this year, the twins teamed up with White House crypto czar David Sacks, Donald Trump Jr., and other investors to start a private ￰23￱ called Executive ￰24￱ charges a $500,000 entry fee and ongoing dues, making it one of the priciest political hangouts in ￰25￱ for Brian, his path to the CFTC has hit a ￰26￱ White House is weighing other names as confirmation ￰27￱ the table are Michael Selig, chief legal counsel for the SEC’s crypto task force, and Tyler Williams, who advises Treasury Secretary Scott Bessent and once worked at Galaxy ￰28￱ men have crypto backgrounds and are now in the mix to take the chair ￰29￱ Winklevoss brothers’ campaign has left Washington wondering why two of Trump’s richest allies are so determined to sink one of his ￰30￱ actions have put pressure on the White House and created another layer of uncertainty around who will end up controlling the CFTC at a time when crypto regulation is already at the center of national ￰31￱ $50 free to trade crypto when you sign up to Bybit now