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Pro Trump super PAC MAGA Inc. has received more than $21 million in donations from major cryptocurrency exchanges, marking one of the most significant crypto-linked political funding moves ahead of the 2026 US midterm elections.
Federal Election Commission (FEC) filings disclosed on Friday show that Gemini Trust Company contributed 1.5 million USDC, while Foris Dax, the parent company of Crypto.com, made two separate $10 million donations to the pro-Trump super PAC.
The filing notes that Gemini’s stablecoin contribution was liquidated shortly after receipt.
The infusion immediately strengthens MAGA Inc.’s financial position, pushing the Pro Trump super PAC’s total war chest to approximately $294 million, according to federal disclosures.
The donations arrive as Crypto.com deepens its ties with Trump Media & Technology Group, a relationship that began in 2025 and has been publicly framed as part of a broader digital asset treasury and infrastructure strategy.
While Donald Trump is not on the ballot in 2026, US campaign finance law allows a Pro Trump super PAC to deploy funds in support of aligned candidates during the midterm cycle—making MAGA Inc. a powerful vehicle for shaping congressional outcomes.
Political finance analysts say the move reflects a calculated bet by crypto firms on regulatory outcomes rather than individual candidates.
“Super PACs give industries leverage beyond one election,” said Brendan Fischer, deputy executive director at Documented, a watchdog group tracking political money. “Crypto companies are clearly positioning themselves for the long game.”
The timing of the Pro Trump super PAC donations is critical. In November 2026, all 435 seats in the US House of Representatives and 33 Senate seats will be contested.
With control of both chambers at stake, the results could dramatically reshape financial oversight, SEC authority, and crypto market structure legislation—issues that directly affect exchanges, stablecoin issuers, and blockchain firms.
Several high-profile races are already drawing attention from the digital asset industry. In Massachusetts, Republican challenger John Deaton, known for his advocacy during XRP-related legal disputes, is running against incumbent Senator Ed Markey.
Meanwhile, Wyoming Senator Cynthia Lummis, one of Congress’s most outspoken crypto advocates, has announced she will not seek reelection, leaving a critical pro-crypto Senate seat open.
The scale of funding into the Pro Trump super PAC mirrors patterns seen during the 2024 election cycle, when crypto companies and executives poured tens of millions into federal races.
That cycle saw crypto-linked spending play a decisive role in close contests, including Ohio’s Senate race, which attracted an estimated $40 million in industry-backed political ads and outreach.
Another major player, Fairshake, is heading into the 2026 midterms with more than $140 million on hand, according to public filings. The PAC raised $52 million in the first half of 2025 alone, targeting lawmakers viewed as hostile to digital assets.
Major donors backing Fairshake include Andreessen Horowitz, Coinbase, and Ripple Labs, with Coinbase recently contributing $25 million. Uniswap Labs and crypto entrepreneur Robert Leshner have also joined the funding push.
The growing influence of the Pro Trump super PAC underscores how deeply crypto firms are now embedded in US political strategy—drawing both praise and criticism.
Supporters argue the funding protects innovation and prevents regulatory overreach. Critics warn it risks turning financial regulation into a pay-to-play arena.
Either way, one thing is clear: the Pro Trump super PAC has become a central battlefield where crypto money, political power, and regulatory futures collide.
