Crypto Giants Donate $21M+ to Trump Super PAC Ahead of 2026

Federal Election Commission records reveal a significant financial injection from the cryptocurrency sector into MAGA Inc., a super PAC allied with former President Donald Trump. The contributions total more than $21 million, with two major industry players leading the charge. Gemini Trust Company, the cryptocurrency exchange founded by the Winklevoss twins, gave $1.5 million in USDC, a stablecoin pegged to the US Dollar, which was converted to dollars for reporting purposes. The larger contributor was Foris Dax Inc., the parent company of the Crypto.com exchange, which made two separate $10 million donations.

These substantial sums add considerable weight to MAGA Inc.’s already formidable war chest. Reports indicate the super PAC entered 2026 with nearly $300 million on hand, a figure amassed through high-dollar donations from across the technology, finance, and other sectors. The PAC has stated these funds will be deployed to support candidates and political efforts aligned with Trump’s priorities, setting the stage for a heavily financed campaign apparatus ahead of the midterm contests.

The timing of these contributions is not incidental. They arrive as regulators and lawmakers in the United States continue to grapple with how to treat digital assets, a debate that will influence product approvals, enforcement approaches, and tax rules for crypto companies and their customers. The cryptocurrency sector has become increasingly active politically in recent years, directing funds to both national political action committees and smaller advocacy groups that press for more favorable regulation.

Industry leaders have consistently pushed for clearer rules governing tokens, custody services, and exchanges. Political donations, alongside traditional lobbying, represent a key tool in this advocacy effort. Campaign strategists note that large donations tied to specific industries can sharpen a political group’s messaging on hot-button topics. In this context, the visible support from Gemini and Crypto.com for a Trump-aligned entity signals a strategic effort to cultivate influence within a political coalition that could hold significant sway over future crypto policy.

While the Federal Election Commission filings provide a clear snapshot of who gave money and when, they do not specify how MAGA Inc. will spend every dollar or which individual House and Senate races will receive direct support. However, the strategic timing—months ahead of the 2026 midterms—strongly suggests these multimillion-dollar gifts were aimed at building influence before candidate slates and campaign budgets are finalized.

Money is a decisive force in close political races. When groups like MAGA Inc. have hundreds of millions of dollars available, they can fund extensive advertising campaigns, staff operations, and voter outreach programs. This capacity can alter outcomes in tightly contested battleground districts and states, ultimately shaping which lawmakers hold power and, consequently, which committees draft the rules affecting crypto firms and digital assets. The nearly $300 million reserve, now bolstered by significant crypto sector contributions, positions the super PAC as a major financial player capable of shaping the political landscape that will determine the regulatory future for the entire industry.