Crypto Companies Contribute $21M to Trump PAC Ahead of US Midterms
Cryptocurrency firms Gemini and Crypto.com parent Foris Dax donated over $21 million in USDC and cash to the MAGA Inc. Super PAC.Summary
Two major cryptocurrency exchanges, Gemini Trust Company and Foris Dax (parent of Crypto.com), contributed over $21 million in liquidated USDC and cash to the MAGA Inc. Super PAC, according to a recent FEC filing. These contributions added to the PAC's $294 million stockpile. Although President Trump is not running for reelection in 2026, these funds can support like-minded candidates in the upcoming midterm elections, where control of the House and Senate seats is contested. Other financial industry contributions included $1 million from a Shift4 executive and over $4 million from JP Morgan Chase Bank. This follows a trend from the 2024 elections where crypto-backed PACs heavily funded federal races, influencing outcomes like the Ohio Senate race.
(Source：Cointelegraph)