The latest donation follows their previous contribution of 30.94 Bitcoin—worth over $2 million at the time—to President Trump’s campaign earlier in 2024. At the time, they stated that this move aimed to help end what they described as the Biden Administration’s “war on crypto.” Regulatory scrutiny increased during President Joe Biden’s term, with multiple agencies intensifying enforcement actions against cryptocurrency companies, including Gemini. However, after Trump took office, several lawsuits against these firms, reportedly including Gemini, were dropped.