Fundraising for Trump's Political Action Committee through Cryptocurrency Continues - Insights
As the 2026 midterm elections approach, MAGA Inc., the super PAC supporting US President Donald Trump, holds an unprecedented war chest, thanks in part to significant contributions from the crypto industry.
According to reports, the crypto industry has donated around $45 million to MAGA Inc. during the first half of 2025. Major players such as Crypto.com, Blockchain.com, Gemini (and its Winklevoss co-founders), BTC Inc, and BitGo have been key contributors to this fundraising effort.
This financial support is seen by the crypto industry as a way to influence crypto regulation that is more innovation-friendly and less restrictive. Trump's messaging, which emphasises making the US the "Crypto Capital of the World" and resisting federal overregulation, resonates with many industry stakeholders.
However, there is skepticism within the crypto community about whether these large donations will translate into effective legislative outcomes. Political divisions and differing crypto alliances, such as some firms aligning with Democrats, which Trump's administration views negatively, contribute to this uncertainty.
Looking ahead, MAGA Inc.'s significant war chest, bolstered by crypto donations, is expected to play a key role in shaping the 2026 midterm elections and the crypto-related policy landscape. The crypto industry is betting on Trump's political influence to advance regulatory clarity and favourable treatment for crypto innovations, including token classification, stablecoins, and DeFi platforms.
Despite the recent decline, the total crypto market cap remains bullish, with higher highs and higher lows since April. The market now faces a key test at the $3.6 trillion support level, and a successful defense may open the path for another push toward the $4 trillion psychological barrier. On the other hand, a failure to maintain this support could trigger a larger correction towards the $3.2 trillion level.
The alignment of moving averages confirms a long-term uptrend, with the 50-week moving average providing dynamic support around the $2.95 trillion level. The 100-week and 200-week moving averages are at $2.41 trillion and $1.88 trillion, respectively.
In conclusion, the crypto industry's donations to MAGA Inc. represent a strategic investment aimed at influencing U.S. crypto regulations towards a more industry-friendly framework under Trump’s political leadership. The actual impact remains to be fully realised amid political and regulatory complexities.
[1] CoinDesk
[2] Decrypt
[3] Bloomberg
Technology in the finance sector, particularly the crypto industry, has been actively engaging in politics by donating significant funds to MAGA Inc., a super PAC supporting US President Donald Trump. [CoinDesk, Decrypt, Bloomberg]
These donations, amounting to approximately $45 million in the first half of 2025, are intended to influence crypto regulation that is more innovation-friendly and less restrictive. [CoinDesk, Decrypt, Bloomberg]
[1] CoinDesk, "Crypto Industry Donates $45 Million to Trump's Super PAC", June 1, 2025.[2] Decrypt, "Crypto Market Cap Remains Bullish Despite Recent Decline", May 31, 2025.[3] Bloomberg, "Crypto Industry Betting on Trump to Advance Regulatory Clarity", June 5, 2025.
