Crypto.com, Gemini Boost Trump PAC for 2026 Election

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Crypto.com, Gemini Fuel Trump PAC With Record 2026 Election Donations

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 06, 2026

Key Takeaways

Gemini and Crypto.com donated over $21 million to a Trump-aligned super PAC ahead of the 2026 midterm elections;
MAGA Inc. raised $294 million total, with major contributions also from Shift4 and JPMorgan Chase;
The funds aim to boost pro-Trump candidates as all House and 33 Senate seats are contested in 2026.

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Crypto.com, Gemini Fuel Trump PAC With Record 2026 Election Donations

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Two major crypto companies sent more than $21 million to a committee supporting US President Donald Trump ahead of the next midterm elections.

Records submitted to the Federal Election Commission on January 6 showed that MAGA Inc., the super PAC backing Trump's allies, received 1,500,000 liquidated USDC USDC $1.00 from Gemini $106.98M Trust Company.

The filing also disclosed that Foris DAX Inc., the owner of Crypto.com $2.31B , made two donations of $10 million each to the committee. Crypto.com increased its involvement with Trump-linked groups during 2025, as it reorganized its digital asset holdings.

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The committee also received additional support from other financial backers. A Shift4 executive provided $1 million, and JPMorgan Chase Bank contributed over $4 million.

The super PAC's total fund reached about $294 million after collecting these and other sources.

While Trump's current term extends until January 2029, the funds raised will support like-minded candidates in the 2026 midterm elections.

At that time, all 435 House seats and 33 Senate seats will be open. This offers the Democratic Party the opportunity to alter which party controls Congress.

Recently, Gemini introduced its prediction market service, Gemini Predictions, to every US state after obtaining approval from the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market. How does the service work? Read the full story.