Surge of Crypto Funds in US Politics: Trump’s PAC Receives $21 Million

As reported, President Donald Trump’s affiliated super PAC, MAGA Inc., has garnered over $21 million in donations from prominent figures in the cryptocurrency industry. These contributions are strategically aimed at strengthening the PAC’s financial resources in anticipation of the 2026 midterm elections.

Key Takeaways:

Trump’s MAGA Inc. PAC has received $21 million from the cryptocurrency sector.
Significant donations include $1.5 million from Gemini Trust Company and $20 million from Crypto.com’s parent company.
The PAC holds nearly $300 million ahead of the 2026 elections, aiming to support pro-Trump candidates.
Increased political activity from the crypto industry seeks clearer regulations on digital assets.
The contributions may influence upcoming election outcomes and regulatory approaches to cryptocurrency.

Crypto

According to filings with the Federal Election Commission, financial giant Gemini Trust Company contributed 1.5 million USDC, which was converted to USD upon reporting. Additionally, Foris Dax Inc., the parent company of Crypto.com, made two substantial contributions of $10 million each.

Potential Beneficiaries of the Contributions

These sizable contributions bolster MAGA Inc.’s existing funds. Reports indicate that the super PAC began 2026 with close to $300 million available, fueled by numerous high-value donations from technology, finance, and other sectors. The PAC intends to utilize these funds to support candidates and initiatives aligned with Trump's agenda.

In competitive political races, money plays a critical role. With hundreds of millions in resources, PACs can amplify their advertising efforts, hire more staff, and enhance outreach strategies. Such financial clout can significantly influence the outcomes of tightly contested House and Senate races, subsequently affecting which lawmakers dictate policies, including those regulating cryptocurrency and digital assets.

BTCUSD currently trading at $93,676. Chart: TradingView

Regulatory and Industry Landscape

In recent years, the cryptocurrency sector has been increasingly active in the political arena, directing donations to both national PACs and smaller organizations advocating for more favorable regulations. Industry leaders are calling for clearer guidelines regarding tokens, custody, and exchanges, using political donations to complement their lobbying efforts.

Campaign strategists assert that substantial contributions linked to specific industries can sharpen messaging on urgent issues. The noticeable influx of crypto donations comes at a time when regulators and lawmakers are still deliberating over how to manage digital assets. This ongoing discourse may impact product approvals, enforcement strategies, and tax regulations affecting crypto firms and their clientele.

The financial disclosures present a glimpse into who contributed and when, although they do not clarify how the PAC plans to allocate its funds or which particular races will receive direct support. Nevertheless, the timing—months ahead of the 2026 midterm elections—suggests that these contributions are intended to enhance influence before candidate slates and budgets are finalized.

Featured image from Unsplash, chart from TradingView