Crypto companies contribute $21M to Trump PAC ahead of US midterms
The Gemini Trust Company and parent company of Crypto.com sent millions of dollars to the Trump-supporting PAC in September and October.
Two major cryptocurrency exchanges have contributed more than $21 million to a political action committee (PAC) supporting US President Donald Trump.
In a Friday filing with the Federal Election Commission, the MAGA Inc. Super PAC reported receiving 1,500,000 liquidated USDC (USDC) from the Gemini Trust Company and two $10 million contributions from Foris Dax, the parent company of cryptocurrency exchange Crypto.com. The exchange has deepened ties with Trump’s media company since 2025 as part of a digital asset treasury strategy.
Other contributions related to the crypto and financial industries included $1 million from an executive at payment processing provider Shift4 and more than $4 million from JP Morgan Chase Bank, N.A. The funds contributed to the PAC’s $294 million stockpile.