Crypto Money Floods US Politics As $21 Million Backs Trump PAC

[Ben Graham]

US President Donald Trump’s allied super PAC has received more than $21 million in donations from major players in the cryptocurrency sector, filings show. The money landed in the account of MAGA Inc., a group that has been building a large war chest ahead of the 2026 midterm contests.

According to Federal Election Commission records, Gemini Trust Company gave 1.5 million USDC, which was converted to dollars when reported. At the same time, Foris Dax Inc., the parent of Crypto.com, made two separate $10 million contributions.

Who Might Benefit

The contributions add weight to MAGA Inc.’s already large balance. Reports show the super PAC entered 2026 with nearly $300 million on hand, a figure driven by many high-dollar donations from across tech, finance, and other sectors. The PAC says the funds will be used to support candidates and efforts aligned with Trump’s priorities.

Money talks in close races. When groups have hundreds of millions available, they can buy more ads, staff, and outreach. That can change outcomes in tightly contested House and Senate battlegrounds, and it can shape which lawmakers hold sway over policy — including rules that affect crypto firms and digital assets.

Regulatory And Industry Context

Based on reports, the crypto sector has been more active politically in recent years, directing funds to both national PACs and smaller groups that press for friendlier regulation. Some industry leaders have pushed for clearer rules on tokens, custody, and exchanges, and political donations are a tool used alongside lobbying.

Campaign strategists say large donations tied to specific industries can sharpen messaging on hot-button topics. In this case, the visible crypto contributions arrive as regulators and lawmakers continue to debate how to treat digital assets. That debate could influence product approvals, enforcement approaches, and tax rules for crypto companies and their customers.

What The Filings Show

The filings provide a snapshot of who gave money and when. They do not show how the PAC will spend every dollar or which individual races will get direct help. Still, the timing — months ahead of the 2026 midterms — suggests these gifts were aimed at building influence before candidate slates and budgets are finalized.

Featured image from Unsplash, chart from TradingView