Crypto Exchanges Donate Over $21 Million to Trump PAC Ahead of Midterms
- Gemini Trust Company contributed $1.5 million in liquidated USDC to the MAGA Inc. Super PAC.
- Crypto.com’s parent company, Foris Dax, made two separate contributions of $10 million each.
- The PAC now holds a total of $294 million, bolstered by additional donations from JP Morgan Chase and Shift4 executives.
- Key political races include John Deaton, an XRP advocate, running for the Massachusetts Senate seat.
- Wyoming Senator Cynthia Lummis will not seek reelection in the upcoming cycle, leaving her seat open.
The contributions from cryptocurrency exchanges reflect their growing involvement in U.S. politics as they prepare for potential shifts in congressional control during the midterm elections.
With over $21 million raised from major crypto firms, this funding could significantly influence key races and policies affecting the crypto industry moving forward.
