Crypto Exchanges Donate Over $21M to Pro-Trump Super PAC
Two main cryptocurrency exchanges have collectively contributed greater than $21 million to a political motion committee backing US President Donald Trump, in accordance to recent federal filings.
Key Takeaways:
- Major crypto exchanges donated over $21 million to a pro-Trump tremendous PAC forward of the 2026 midterms.
- The contributions align with Crypto.com’s increasing ties to Trump’s media firm and broader technique.
- With Congress up for grabs, crypto-linked funding may form future US monetary regulation.
A Friday disclosure submitted to the Federal Election Commission reveals that MAGA Inc., a pro-Trump tremendous PAC, obtained 1.5 million USDC from Gemini Trust Company, alongside two separate $10 million donations from Foris Dax, the dad or mum firm of Crypto.com.
The stablecoin contribution was liquidated shortly after receipt, in accordance to the submitting.
Crypto.com Ties to Trump Media Deepen Ahead of Midterm Cycle
The donations come as Crypto.com continues to strengthen its relationship with Trump’s media firm, a partnership that started in 2025 and has been framed as a part of a broader digital asset treasury technique.
While Trump just isn’t up for reelection in 2026, federal regulation permits tremendous PACs to deploy funds in assist of aligned candidates in the course of the upcoming midterm cycle.
The $21 million infusion provides to MAGA Inc.’s already sizable struggle chest, which now totals roughly $294 million.
Other notable contributions disclosed within the submitting embody $1 million from an government at cost processing agency Shift4 and greater than $4 million from JPMorgan Chase Bank, N.A., underscoring the widening vary of company pursuits participating in high-stakes political funding.
The timing is important. In November 2026, all 435 seats within the US House of Representatives and 33 Senate seats shall be contested.
With management of each chambers in play, the end result may reshape the legislative atmosphere for monetary regulation, together with insurance policies affecting cryptocurrencies and blockchain-based companies.
Several races are being intently watched by business contributors. Among them is the Massachusetts Senate contest, the place Republican candidate John Deaton, identified for his advocacy throughout XRP-related authorized battles, is difficult incumbent Ed Markey.
Meanwhile, Wyoming Senator Cynthia Lummis, one among Congress’s most vocal supporters of crypto-friendly laws, has introduced she is not going to search reelection, leaving her seat open.
Crypto Political Spending Revives 2024 Election Playbook
The scale of present donations echoes patterns seen in the course of the 2024 election cycle, when crypto firms and executives poured tens of hundreds of thousands of {dollars} into federal races.
Those efforts have been extensively considered as influential, notably in tightly contested Senate campaigns equivalent to Ohio’s, which drew an estimated $40 million in crypto-linked spending.
As reported, Fairshake is heading into the upcoming midterm elections with greater than $140 million within the financial institution.
Fairshake raised $52 million within the first half of 2025, including to a hefty sum of crypto marketing campaign contributions aimed toward supporting lawmakers who align with the business’s agenda whereas focusing on critics.
Major donors behind Fairshake include enterprise capital agency Andreessen Horowitz, and crypto giants Coinbase and Ripple.
Coinbase recently contributed $25 million, with Ripple Labs, Uniswap Labs, and crypto entrepreneur Robert Leshner additionally backing the hassle.
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