Political money flowing from the digital asset sector is accelerating, and crypto donations are now emerging as a key force in US federal elections.
Gemini and Crypto.com sent $21 million to back Trump
Two major crypto exchanges have jointly contributed more than $21 million to a political action committee supporting US President Donald Trump, according to recent federal filings. The scale of this fresh cryptocurrency political donations wave highlights how deeply exchanges are moving into Washington’s power struggles.
A Friday disclosure submitted to the Federal Election Commission shows that MAGA Inc., a pro-Trump super PAC, received 1.5 million USDC from Gemini Trust Company, alongside two separate $10 million donations from Foris Dax, the parent company of Crypto.com. However, the filing notes that the Gemini USDC donation was liquidated shortly after receipt.
The donations come as Crypto.com continues to deepen its relationship with Trump’s media company, a partne
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