TLDR
- Gemini Trust Company donated $1.5 million in USDC to the Trump-aligned MAGA Inc. Super PAC.
- Crypto.com’s parent company, Foris Dax, contributed two separate $10 million payments to the same PAC.
- The PAC also received $1 million from a Shift4 executive and over $4 million from JPMorgan Chase Bank.
- MAGA Inc. now holds $294 million in funds to support candidates in the 2026 midterm elections.
- Trump is not running in 2026, but the PAC continues to support candidates aligned with his policies.
Two cryptocurrency exchanges and financial industry donors have contributed over $21 million to a PAC aligned with US President Donald Trump, bolstering its growing campaign fund just months before the 2026 midterm elections, filings confirmed on Friday, as the group prepares to back candidates who support the former president’s policies and influence.
Gemini and Crypto.com Inject Millions into Trump PAC
The MAGA Inc. Super PAC confirmed in an FEC filing it received $1.5 million in USDC from Gemini Trust Company. The donation was made as a single transaction and reported as a liquidated stablecoin contribution.
Foris Dax, the parent company of Crypto.com, sent two separate $10 million transfers to the same PAC. The company increased its engagement with Trump’s media ventures since 2025 under its digital asset treasury initiative.
Crypto.com’s contributions followed a broader strategy of aligning with pro-crypto policy platforms in Washington. The exchange expanded its US operations in 2025, focusing on compliance and regulatory efforts.
Financial Donors Add Millions to Republican War Chest
Other contributions to the Trump PAC included $1 million from a Shift4 executive, supporting the PAC’s total $294 million reported fund. Shift4, a payments processing company, has seen increasing involvement from its leadership in political contributions.
JPMorgan Chase Bank, N.A. also added over $4 million, marking further traditional financial sector interest in the Republican-aligned PAC. These funds can be used for media buys and candidate support in upcoming races.
Trump is not running in 2026, but his influence continues through the PAC’s financial support of aligned candidates. Control of Congress is at stake in the November elections, including 33 Senate seats and all House seats.
Pro-Crypto Candidates Set for 2026 Midterm Races
Massachusetts Senate candidate John Deaton, a Republican and known XRP supporter, is one beneficiary of pro-crypto sentiment in this cycle. He is contesting against incumbent Democrat Ed Markey in a competitive race.
Wyoming Senator Cynthia Lummis, another crypto policy advocate, will not seek reelection in 2026. Her seat now opens a new front for candidates with blockchain policy platforms.
In past cycles, crypto-backed PACs invested heavily in congressional contests, especially during the 2024 Senate races. Ohio’s race alone drew $40 million in spending from such committees.
In 2025, the Fairshake PAC and affiliates invested in congressional contests across Virginia and Florida. The group remains active heading into 2026.
A Fairshake spokesperson said in 2025 the PAC was “keeping [its] foot on the gas” during midterm preparations. This stance appears unchanged, based on funding trends.
The latest MAGA Inc. report reflects growing crypto sector engagement in US politics. Donations continue to increase as regulatory debates remain ongoing.
Filings also show crypto PACs targeting key swing states and close races. Media buys and campaign ads are expected to begin early in 2026.
Crypto contributions are being tracked closely by the FEC, watchdogs, and political analysts. The next financial disclosure is due in April 2026.
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