Betrayal at the Beginning
In 2004, twin brothers Cameron and Tyler Winklevoss, who were studying at Harvard, had the idea for a social network. They hired a coding genius named Mark Zuckerberg to develop this idea. However, months later, Facebook was launched, and the twins were not a part of it.
Angry, the twins sued Zuckerberg. While Facebook's popularity skyrocketed, after a four-year lawsuit, they settled for $65 million in 2008: $20 million in cash and $45 million in Facebook shares.
Chasing a Big Opportunity
Most people would have given up at this point. But the Winklevoss twins held onto their Facebook shares. Despite feeling wronged, they believed in the company's potential. When Facebook went public in 2012, their shares soared to $200 million.
Discovery of Bitcoin
In the summer of 2013, the twins heard about Bitcoin. The price at the time was only $8. After months of research, they believed this new technology would be bigger than Facebook. They bought 1% of all the Bitcoin in circulation: 120,000 BTC for $11 million. People called them crazy. However, their bet was on a financial revolution.
Founding of Gemini Exchange
In 2015, the crypto world was like the Wild West—risky and unregulated. The twins saw this opportunity and founded Gemini. Gemini brought trust to the crypto world, complied with regulations, insured deposits, and kept everything secure. The twins became the biggest fans of Bitcoin, speaking at events and educating people about it.
Long-Term Thinking and Big Gains
In 2017, Bitcoin's price reached $20,000. Their $11 million investment was now worth $1.3 billion. But they didn't cash out; they invested more in the crypto world and encouraged crypto adoption. In 2021, Bitcoin surpassed $60,000, and the twins' crypto empire was worth billions of dollars.
Today and the Future
The twins are working to mainstream crypto: pushing for clear laws on crypto, investing in the next big blockchain ideas. The Winklevoss story is not just about crypto; it’s a masterclass in turning setbacks into opportunities.
Lessons to Learn
Turn Rejection into Opportunity: Holding onto their Facebook shares was a brilliant move. Sometimes, your competitor's success can trigger your own.
Recognize Trends Early and Invest: The twins didn't just buy Bitcoin; they built an ecosystem around it.
Think Long-Term: Always reinvest in a bigger vision.
Educate Your Market: By educating others about crypto, the twins grew both the industry and their influence.
Be Curious: Being curious about new trends can help you find the next gold mine.
Don’t Let "No" Stop You: Today's setback can direct you to tomorrow's billion-dollar idea.
The story of the Winklevoss twins is a success tale that starts with betrayal and turns into a multi-billion-dollar crypto empire.
So, what will your $65 million revenge story be?
#Winklevoss #MarkZuckerberg #Facebook $BTC

Gemini and Coinbase oppose the CFTC’s plan to regulate event contracts, saying it could harm cryptocurrency innovation and prediction markets.
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Cameron Winklevoss noted a recent Supreme Court ruling that might challenge the CFTC’s ban, which could also impact platforms like Polymarket.
Coinbase and Winklevoss Twins Oppose CFTC’s Event Contracts Ban
Coinbase has strongly opposed the CFTC’s proposal to regulate event contracts, questioning the commission’s authority to impose such a ban. The company expressed concerns that labeling event contracts under the broad category of ‘gaming’ is not in the public interest and would hinder the industry’s progress.
Cameron Winklevoss echoed these concerns in a thread posted on X, emphasizing the need for greater transparency and the importance of prediction platforms in this context. He noted that the proposed rules would ban all event contracts in the USA, which could severely impact leading prediction markets like Polymarket. Winklevoss argued that these emerging markets, which capture the ‘voice of the crowd,’ deserve protection rather than prohibition.

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Source: X
Cameron Winklevoss Warns CFTC Against Overstepping Authority
Cameron Winklevoss cited a recent Supreme Court decision in Loper Bright Enterprises v. Raimondo, where the court ruled that regulatory agencies cannot expand their authority through rulemaking. He warned that if the CFTC moves forward with its proposed ban on event contracts, it could face legal challenges and potentially be stopped by the courts.

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The push by Gemini and Coinbase to pressure the CFTC highlights the ongoing tension between regulatory agencies and the crypto market. As this proposal remains under discussion, the future of prediction markets and the broader crypto industry in the United States remains uncertain.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Gemini #Winklevoss #Bitcoin #CryptoNews #TONonBinance $BTC $SOL $XRP

Gemini co-founder Tyler Winklevoss says the cryptocurrency industry can’t afford to see a repeat of the past four years. He believes the U.S. government needs to act quickly to let the crypto world know who will be leading the SEC before the upcoming election.

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In a detailed X post on July 26, Tyler Winklevoss stated that it’s crucial for the cryptocurrency industry to know who the next SEC chair will be before the election. He also mentioned that he and his brother Cameron Winklevoss, both co-founders of Gemini, were recently uninvited from a White House event because they endorsed Donald Trump.
Winklevoss Criticizes Biden-Harris Administration’s Crypto Stance
Tyler Winklevoss argues that the recent uninvitation of him and his brother Cameron from a White House event due to their endorsement of Donald Trump highlights the Biden-Harris administration’s approach to the cryptocurrency industry. He believes this situation demonstrates the need for the administration to clarify its stance on crypto before the election.

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Winklevoss insists that knowing who will lead the SEC is essential for the industry. He emphasizes that this clarity is crucial for making crypto a bipartisan issue and avoiding surprises. “No more guessing. No more hoping. No more surprises,” he states. He calls on the industry to unite in demanding action from Kamala Harris or other decision-makers before November.
Currently, Gary Gensler is the chair of the SEC, a position he has held since February 2021. Gensler has been a controversial figure in the crypto world due to his statements and decisions perceived as unfavorable to the industry. His term is set to end in June 2026.
Winklevoss Hopes for Mainstream Crypto Acceptance
Tyler Winklevoss expressed his hope that cryptocurrency will eventually become so mainstream that it no longer requires debate. He compared this future to the current state of email or the Internet, suggesting that discussions about the legality of crypto should be as outdated as debates on these technologies.

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Winklevoss’s comments coincided with the second day of the Bitcoin2024 conference in Nashville. The event featured several political figures, including Independent presidential candidate Robert F. Kennedy Jr., who spoke positively about Bitcoin’s potential impact on the U.S. economy and promised executive orders to support it if elected. Senators Cynthia Lummis and Tim Scott also gave presentations at the conference. On July 27, former President Donald Trump is scheduled to headline the event.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#Gemini #SEC #Winklevoss #RobertKennedyJr #BitcoinConference2024 $BTC $ETH $BNB

In the cutthroat world of technology and finance, few stories are as captivating as that of Cameron and Tyler Winklevoss, the identical twin brothers who went from being betrayed by Mark Zuckerberg to becoming billionaire crypto entrepreneurs.

Early Life and Education
- Cameron and Tyler Winklevoss were born on August 21, 1981, in Southampton, New York
- They are identical twin brothers
- They grew up in Greenwich, Connecticut
- They attended Greenwich Country Day School
- They later attended Phillips Exeter Academy
- They both graduated from Harvard University in 2004

Facebook and the Lawsuit

- The twins hired Mark Zuckerberg to develop their social network idea, ConnectU
- Zuckerberg launched Facebook instead, cutting the twins out
- The twins sued Zuckerberg and Facebook for theft of intellectual property
- The lawsuit was settled in 2008 for $65 million

Investment in Bitcoin
- The twins invested $11 million in Bitcoin in 2013
- They bought 1% of all circulating Bitcoin at the time
- Their investment was worth $1.3 billion by 2017
Gemini Exchange
- The twins founded Gemini, a regulated crypto exchange, in 2015
- Gemini brought trust and security to the crypto industry
- Gemini allowed users to buy, sell, and store digital assets

Crypto Advocacy
- The twins have been vocal advocates for crypto regulation
- They have testified before Congress on crypto-related issues
- They have pushed for clear laws and guidelines for the crypto industry
Personal Lives
- Both twins are married
- Cameron is married to actress and writer, Riley Keough
- Tyler is married to businesswoman, Amanda Scarpa
- Both twins are avid rowers and have competed in several regattas

Legacy

- The twins have turned their $65 million settlement into a multibillion-dollar crypto empire
- They have become two of the most influential figures in crypto
- Their story is a testament to the power of innovation and perseverance

#Winklevoss #BinanceHODLerBANANA #Winklevoss #MarkZuckerberg #Facebook #Bitcoin

Betrayal at the Beginning
In 2004, twin brothers Cameron and Tyler Winklevoss, who were studying at Harvard, had the idea for a social network. They hired a coding genius named Mark Zuckerberg to develop this idea. However, months later, Facebook was launched, and the twins were not a part of it.
Angry, the twins sued Zuckerberg. While Facebook's popularity skyrocketed, after a four-year lawsuit, they settled for $65 million in 2008: $20 million in cash and $45 million in Facebook shares.
Chasing a Big Opportunity
Most people would have given up at this point. But the Winklevoss twins held onto their Facebook shares. Despite feeling wronged, they believed in the company's potential. When Facebook went public in 2012, their shares soared to $200 million.
Discovery of Bitcoin
In the summer of 2013, the twins heard about Bitcoin. The price at the time was only $8. After months of research, they believed this new technology would be bigger than Facebook. They bought 1% of all the Bitcoin in circulation: 120,000 BTC for $11 million. People called them crazy. However, their bet was on a financial revolution.
Founding of Gemini Exchange
In 2015, the crypto world was like the Wild West—risky and unregulated. The twins saw this opportunity and founded Gemini. Gemini brought trust to the crypto world, complied with regulations, insured deposits, and kept everything secure. The twins became the biggest fans of Bitcoin, speaking at events and educating people about it.
Long-Term Thinking and Big Gains
In 2017, Bitcoin's price reached $20,000. Their $11 million investment was now worth $1.3 billion. But they didn't cash out; they invested more in the crypto world and encouraged crypto adoption. In 2021, Bitcoin surpassed $60,000, and the twins' crypto empire was worth billions of dollars.
Today and the Future
The twins are working to mainstream crypto: pushing for clear laws on crypto, investing in the next big blockchain ideas. The Winklevoss story is not just about crypto; it’s a masterclass in turning setbacks into opportunities.
Lessons to Learn
Turn Rejection into Opportunity: Holding onto their Facebook shares was a brilliant move. Sometimes, your competitor's success can trigger your own.Recognize Trends Early and Invest: The twins didn't just buy Bitcoin; they built an ecosystem around it.Think Long-Term: Always reinvest in a bigger vision.Educate Your Market: By educating others about crypto, the twins grew both the industry and their influence.Be Curious: Being curious about new trends can help you find the next gold mine.Don’t Let "No" Stop You: Today's setback can direct you to tomorrow's billion-dollar idea.
The story of the Winklevoss twins is a success tale that starts with betrayal and turns into a multi-billion-dollar crypto empire.
So, what will your $65 million revenge story be?
#Winklevoss #Winklevoss #MarkZuckerberg #Facebook #Bitcoin