The Digital Freedom Fund, a new political action committee (PAC) established by Gemini founders Cameron and Tyler Winklevoss, has received a substantial $21 million donation in Bitcoin. This significant financial backing is set to fuel the PAC's mission to actively shape the future of cryptocurrency regulation in the United States, primarily by supporting political candidates who champion a vision of America as a global crypto capital.
Driving a Pro-Crypto Legislative Agenda
The Digital Freedom Fund is strategically targeting the 2026 midterm elections, with the explicit goal of identifying and supporting candidates aligned with President Donald Trump's crypto agenda. The PAC emphasizes the critical importance of maintaining Republican control in Congress to ensure the continued advancement of pro-crypto policies, which they view as essential for an "American Golden Age" in the digital asset space. At the core of their legislative advocacy is a push for a "Skinny Market Structure Bill." This proposed legislation is designed to encourage innovation while meticulously avoiding regulatory overreach, and crucially, it aims to enshrine a "Bitcoin and Crypto Bill of Rights" to codify fundamental rights like ownership, self-custody, and peer-to-peer transactions.
Key Policy Pillars and Regulatory Vision
Beyond foundational rights, the PAC champions several specific policy initiatives. It advocates for robust protections for software developers, drawing parallels to Section 230 of the Communications Decency Act to shield code writers from liability, thereby fostering crypto innovation. A strong and clear stance is taken against Central Bank Digital Currencies (CBDCs), which the PAC characterizes as "totalitarian technologies" enabling government overreach. Other key priorities include ensuring fair access to banking services for crypto businesses, promoting open banking, and mandating transparent rulemaking requirements for financial regulators to accommodate the unique needs of the crypto industry. Furthermore, the Digital Freedom Fund expresses support for existing forward-thinking regulatory initiatives, such as SEC Chairman Paul Atkins’ “Project Crypto” and CFTC Acting Chairman Caroline Pham’s “Crypto Sprint,” all while vehemently advocating against regulatory capture to ensure that the burgeoning crypto sector remains accessible to startups of all sizes.
