Trump's Political Action Committee Receives Over $21 Million in Donations from Gemini and Crypto.com
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Trump's Political Action Committee Receives Over $21 Million in Donations from Gemini and Crypto.com
According to Cointelegraph, two major cryptocurrency exchanges have donated over $21 million to a political action committee (PAC) supporting U.S. President Trump. Documents disclosed by the U.S. Federal Election Commission on Friday show that the MAGA Inc. super PAC received 1.5 million USDC from Gemini Trust Company and two $10 million donations from Foris Dax, the parent company of cryptocurrency exchange Crypto.com. Since 2025, Crypto.com has established a deeper partnership with Trump's media company. These funds will be used to support candidates aligned with Trump's ideology in the 2026 U.S. midterm elections, during which all 435 seats in the House of Representatives and 33 seats in the Senate will be up for reelection.
Navigating Web3 tides with focused insightsTechFlow news, on January 6, according to Cointelegraph reports, two major cryptocurrency exchanges have donated over $21 million to a political action committee (PAC) supporting U.S. President Donald Trump.
Documents disclosed by the U.S. Federal Election Commission on Friday show that the MAGA Inc. super PAC received 1.5 million USDC from Gemini Trust Company, as well as two donations of $10 million each from Foris Dax, the parent company of cryptocurrency exchange Crypto.com. Since 2025, Crypto.com has established a deeper partnership with Trump's media company.
These funds will be used to support candidates aligned with Trump's ideology in the 2026 U.S. midterm elections, during which all 435 seats in the House of Representatives and 33 seats in the Senate will be up for re-election.
