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 BenefitMoney 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.
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
