Crypto giant spends $21 million to support Trump, launching the midterm election "policy defense battle"The latest documents from the U.S. Federal Election Commission (FEC) show that two major cryptocurrency trading platforms, Gemini and Crypto.com, have contributed over $21 million to the super PAC "MAGA Inc.," which supports President Trump. They are among the largest single donors to the committee. Specifically, Gemini contributed 1.5 million USDC that has been settled, while Crypto.com's parent company, Foris DAX, invested $20 million in two separate transactions.
Although this massive donation occurred during a cycle when Trump does not need to run for re-election, its target is the critical midterm elections in 2026 that will determine control of Congress. The goal is to influence the direction of digital asset regulation policies in the coming years. This move marks that mainstream crypto companies are no longer content with behind-the-scenes lobbying but are instead engaging in the core political battles in the U.S. with unprecedented scale and directness, aiming to tilt legislation in favor of the industry.
MarketWhisper·01-06 02:56