Crypto Companies Donate $21 Million to Pro-Trump Super PAC

US President Donald Trump's super PAC, MAGA Inc., has received over $21 million from cryptocurrency sector leaders. Key contributions include:

1.5 million USDC from Gemini Trust Company, converted to dollars upon reporting.
$20 million from Foris Dax Inc., parent of Crypto.com, in two separate donations.

The super PAC started 2026 with almost $300 million, bolstered by large donations across tech and finance sectors. These funds aim to support candidates aligned with Trump's priorities, potentially impacting regulations affecting crypto firms and digital assets.

The crypto industry has been politically active, channeling funds to PACs for favorable regulation. Large donations can influence messaging on key regulatory debates, affecting product approvals and tax rules in the crypto space.

While the filings show donation timing before 2026 midterms, they don't specify spending plans or targeted races, indicating a strategy to build influence pre-election.