Crypto Giants Gemini and Crypto.com Pour $21M Into Trump-Aligned MAGA Inc

TheNewsCryptoPublished on 2026-01-06Last updated on 2026-01-06

Abstract

Gemini and Crypto.com, through its parent company Foris Dax, have collectively donated $21 million to the pro-Trump Super PAC, MAGA Inc., ahead of the 2026 U.S. midterm elections. Gemini contributed $1.5 million in USDC stablecoins, while Foris Dax provided $20 million. This significant contribution, alongside donations from firms like Shift4 and JPMorgan Chase, positions crypto companies as a major donor group. The surge in political spending follows former President Trump's signing of the GENIUS Act, which established clearer stablecoin regulations, and his campaign's acceptance of crypto donations. MAGA Inc. will use the funds to support Trump-aligned candidates and promote an "America First" agenda, highlighting the crypto industry's active role in shaping future regulations. A strategic partnership between Crypto.com and Trump Media & Technology Group further deepens these political ties.

The two major Companies Gemini and Crypto.com’s Foris Dax, have donated $21 million to a pro-MAGA Inc. and Super PAC that supports Donald Trump ahead of the 2026 U.S. midterm elections. This shows that the Crypto companies are not just for investment or Trading instead, it is actively involved in the U.S Politics.

Gemini Donated $1.5 million using the USDC stablecoins, which were later converted into Cash. The Forix Dax has donated $20 million, which is sent through two large payments of $10 million each. After these donations in late December 2025, MAGA Inc. now reportedly holds nearly $300 million for political campaigning. Other than these two, Shift4 donated $1 million, and JP morgan chase donated more than $4 million. Together, these made the Crypto firms one of the largest Donor Groups in the 2026 Election Cycle.

How Stablecoin Rules and Strategic Partnerships Are Pulling Crypto Into Politics

These donations have increased after Trump signed the GENIUS ACT for the stablecoin regulations and cleared Crypto laws. In 2024, Trump’s Campaign began accepting Crypto Donations. This made Trump more attractive to Crypto firms looking for the Regulatory Act, and many see this as a major win and strengthening support for Trump-aligned Politics.

MAGA Inc. has clearly stated that the funds will be used to support Political candidates aligned with Donald Trump and to promote the “America First” Political Agenda. These midterm elections matter a lot because they will decide who controls Congress, which directly affects Crypto laws and Regulations.

Crypto.com is also partnered with the Trump Media and Technology Group. The deal between them includes the Crypto rewards on Truth Social, the use of the Crypto.com wallets, and the Integration of the Cronos (CRO) Tokens. The new Entity Trump Media Group CRO Strategy Inc., aims to become a Public Digital Asset Company focused on CRO.

This shows that the Crypto is no longer just a tech; it is now deeply involved in U.S. Politics and spending big to shape laws that affect its future. Other than crypto firms, other fast-growing sectors like AI and Cannabis also donate large sums to political groups, but crypto plays a major role.

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