Gemini, the crypto exchange founded by billionaire Winklevoss twins, has hit the streets with a new campaign around its Bitcoin credit card.
On Aug. 19, Ethan Kimmel, the growth lead at Gemini credit card, posted on X a photograph of a print advertisement for the product on a busy street, "Spend Dollars, Earn Bitcoin." The card lets you make purchases and earn rewards in the form of more than 50 cryptocurrencies.
"We'll never stay silent," remarked Kimmel, in response to Gemini co-founder Tyler Winklevoss's X post on July 26 , in which he accused the global banking giant, JPMorgan Chase (NYSE: JPM), of not onboarding Gemini as part of an alleged Operation Chokepoint 2.0 against crypto firms.
"Sorry Jamie Dimon, we're not going to stay silent," Tyler had said, referring to the JPMorgan CEO.
The banking institution had, however, said , "JPMorgan Chase banks many of the best-known crypto companies in the world and is currently onboarding new crypto clients. It's patently false that we would block this traffic." But it didn't comment on Gemini specifically.
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However, the crypto exchange doesn't seem to be pulling brakes on its aggressive expansion.
The firm recently filed for an initial public offering (IPO), following in the footsteps of other crypto firms like the stablecoin issuer Circle Internet Group (NYSE: CRCL) and the crypto exchange Bullish (NYSE: BLSH). It plans to list its shares on Nasdaq under the ticker GEMI.
Gemini founders donate $21M to pro-Trump PAC
Founded in 2014, Gemini is one of the most prominent crypto exchanges. The Winklevoss twins, the founders of the exchange, are considered among the world's first Bitcoin billionaires.
On Aug. 20, Tyler informed the crypto community on X that he and his brother have donated $21 million in Bitcoin to a pro- Donald Trump political action committee (PAC) called the Digital Freedom Fund PAC.
The PAC's aim is to help realize Trump's vision of making America the "crypto capital of the world," he said. It will support pro-crypto candidates in the Republican Party during the midterm elections in November 2026, Tyler added, and criticized the Democratic Party for derailing Trump's agenda.
The PAC will also push for "thoughtful" crypto market structure legislation that avoids the pitfalls of overregulation, bloated licensing regimes, and red tape. "We will fight against legislation that attempts to recreate Dodd-Frank for crypto," he said.
It will also push for a Bitcoin & Crypto Bill of Rights that codifies the right to own, self-custody, and transact peer-to-peer (P2P) with Bitcoin and other crypto assets, he added.
In addition, protections for software developers, anti-central bank digital currencies (CBDCs), fair and open banking access, mandatory rulemaking and exemptions, rejection of regulatory capture, and support for the Securities and Exchange Commission's (SEC) "Project Crypto" are among the agendas on the PAC's table, Tyler underlined.
This story was originally reported by TheStreet on Aug 20, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
