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This article was originally published by The Lever, an investigative newsroom. If you like this story, sign up for The Lever’s free newsletter.

Last month, twin cryptocurrency titans Cameron and Tyler Winklevoss and their cryptocurrency company donated more than $10 million in bitcoin to a prominent political action committee supporting President Donald Trump, according to new Federal Election Commission records reviewed by The Lever.

The donations came less than a month after the Trump administration moved to vacate a Biden-era enforcement action against the brothers’ crypto exchange, Gemini. The brothers had reportedly been lobbying for regulators to undo the judgment, which included a $5 million penalty.

The new donations were made to MAGA Inc., a super PAC that supports Trump, and which has served as a central hub for donations from those hoping to curry favor with the president. Each brother donated $5 million on June 19, the records show. MAGA Inc. disclosed the donations on Monday in its monthly report for June.

“Nothing says thank you after a favorable regulatory or enforcement action like massive super PAC contributions,” said Michael Beckel, Money in Politics Reform director at campaign finance watchdog Issue One. “It’s a threat to our democracy when........

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