Crypto Exchanges Contribute Over $21M to Pro-Trump Super PAC

Two prominent cryptocurrency exchanges have jointly given over $21 million to a political action committee that supports US President Donald Trump, according to recent filings with federal authorities.

Key Takeaways

Two major crypto exchanges have made significant contributions exceeding $21 million to a pro-Trump super PAC in preparation for the 2026 midterm elections.
This fundraising aligns with Crypto.com’s growing relationship with Trump’s media organization and forms part of a broader strategy for digital assets.
As Congress faces elections, this influx of crypto funding could influence future regulations concerning finance in the US.

Recent disclosures submitted to the Federal Election Commission reveal that MAGA Inc., a super PAC supporting Trump, received a contribution of 1.5 million USDC from Gemini Trust Company, along with two separate $10 million donations from Foris Dax, the parent organization of Crypto.com. It has been reported that the stablecoin contribution was quickly liquidated after being received.

Crypto Exchanges Donate Over $21M to Pro-Trump Super PAC

Strengthening Ties Between Crypto.com and Trump Media

The donations occur as Crypto.com progresses in its collaboration with Trump’s media company, a partnership that began in 2025 and is seen as part of a greater strategy involving digital asset treasury management. Although Trump is not seeking reelection in 2026, federal law allows super PACs to allocate funds in support of allied candidates during the approaching midterm elections.

This latest $21 million contribution boosts MAGA Inc.’s already substantial financial reserves, which now total about $294 million.

In addition to these major contributions, the filing disclosed a contribution of $1 million from an executive at Shift4 Payment and over $4 million from JPMorgan Chase Bank, N.A., highlighting a broader trend of increased corporate investment in high-stakes political funding.

The timing of these donations is particularly crucial. In November 2026, all 435 seats in the US House of Representatives and 33 Senate seats will be up for election.

Controlling both chambers could significantly reshape the legislative landscape for financial regulations, including rules impacting cryptocurrency and blockchain businesses.

Several key races are drawing attention from industry stakeholders. One notable contest is the Massachusetts Senate race, where Republican candidate John Deaton, recognized for his advocacy during legal challenges related to XRP, is running against incumbent Ed Markey.

Additionally, Wyoming Senator Cynthia Lummis, a prominent advocate for cryptocurrency-friendly legislation, has announced she will not pursue reelection, opening up her seat for new candidates.

Crypto Political Donations Mirror 2024 Election Trends

The scale of these recent donations reflects patterns observed during the 2024 election cycle when individuals and companies in the crypto industry invested tens of millions into federal races. These contributions were generally regarded as impactful, especially in tight Senate races, such as in Ohio, which attracted around $40 million in funding linked to the cryptocurrency sector.

As reported, the political action committee Fairshake is entering the upcoming midterms with over $140 million available. Fairshake raised $52 million in the first half of 2025, contributing to a significant pool of crypto campaign donations aimed at supporting legislators who are favorable to the industry's interests while targeting its critics.

Prominent donors behind Fairshake include the venture capital firm Andreessen Horowitz, along with major crypto firms like Coinbase and Ripple. Recently, Coinbase contributed $25 million, and Ripple Labs, Uniswap Labs, and crypto entrepreneur Robert Leshner have also shown their support for this effort.