Gemini and Crypto.com Pour Millions Into MAGA War Chest Ahead of Midterm Elections
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Gemini and Crypto.com's parent company, Foris Dax, donated over $21 million to MAGA Inc., aiming to influence the 2026 midterm elections. This reflects the growing political engagement of the crypto industry, particularly in support of pro-crypto policies.
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- Gemini and Crypto.com’s parent company gave over $21 million to the MAGA Inc. super PAC.
- The funds could be allegedly used to influence the U.S. Congress during the 2026 midterm elections.
- Crypto industry support for Trump has grown after the pro-crypto laws and policies.
Crypto is no longer just about trading coins online. It is now becoming part of U.S. politics.
Two major crypto companies, Gemini and Crypto.com’s parent company, Foris Dax, have donated more than $21 million to MAGA Inc., a political group that supports U.S. President Donald Trump. The information comes from recent filings with the U.S. Federal Election Commission (FEC).
These donations show how seriously the crypto industry is taking its political influence.
Who Gave the Money and How Much
Gemini donated $1.5 million, which was sent using the stablecoin USDC and later converted into…
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