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Crypto exchange Gemini has donated $10 million worth of Bitcoin to a political action committee supporting Donald Trump, according to a recent report. The donation comes shortly after Gemini and the Commodity Futures Trading Commission (CFTC) filed a joint motion in a New York court, which could potentially impact a $5 million settlement between the two parties. The court is currently considering whether to reverse the settlement, and the Bitcoin contribution may be used to support Trump's political campaign. The move highlights the intersection of cryptocurrency and political funding, as well as ongoing regulatory developments involving Gemini.
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