In the hushed corridors of power where coins clink louder than ideals, two titan crypto exchanges-Foris Dax and Gemini Trust-have poured over $21 million into MAGA Inc., a PAC that smells more like a political war chest than a charity. The Federal Election Commission, ever the diligent scribe, filed these revelations like a tired clerk tallying sin.
Crypto.com’s parent company, Foris Dax, handed MAGA Inc. $20 million in two chunks between September and October 2025. Gemini, helmed by the Winklevoss twins (yes, those twins), tossed in $1.5 million in USDC, which promptly turned to cash like a snake shedding its skin. These donations swelled MAGA Inc.’s coffers to a staggering $294 million, enough to buy every senator a new Tesla and still have change for a blockchain-themed ice cream cone. 🍦
Strategic Timing for Midterm Elections
Though Trump’s 2026 presidential bid is a ghost ship, his PACs sail on. With 435 House seats and 33 Senate seats up for grabs, the money flows like a river to reshape the legislative bedrock. JPMorgan Chase and Shift4 Payments joined the parade, proving finance and tech are now the party’s most enthusiastic clowns. 🤡
The crypto industry’s love affair with politics has grown hotter than a Solana transaction fee. In 2024, they spent $40 million on Ohio’s Senate race alone-because nothing says democracy like turning states into crypto utopias. 🏛️
Crypto.com’s Growing Trump Ties
Crypto.com, now Trump’s digital jester, partnered with his media company in 2025. Together, they’re using Cronos blockchain to mint a digital asset treasury. In December, Trump Media even promised to distribute tokens to shareholders-because why not turn your stock portfolio into a crypto meme? 🚀
The exchange opened a D.C. office near the White House and applied for a national trust bank charter. Meanwhile, the SEC quietly closed its investigation into Crypto.com after Trump’s 2024 win. Ethics experts blinked, wondering if this was a coincidence or just another day in the Trumpian circus. 🐘
Fairshake PAC’s Massive Midterm Push
Fairshake PAC, crypto’s other golden goose, boasts $116-141 million in cash. Coinbase, Andreessen Horowitz, and Ripple Labs are its main chefs, whipping up a 91% success rate in 2024. Their $40 million in Ohio helped Bernie Moreno defeat Sherrod Brown, a crypto critic with a resume as thick as a Bitcoin block. 📜
Coinbase recently gifted Fairshake $25 million, while Ripple and Uniswap added their cents. In 2025’s first half, they raised $52 million, proving that when you’ve got the right wallet, democracy’s price tag is just a rounding error. 💸
Key Senate Races Drawing Industry Attention
Massachusetts’ John Deaton, a crypto lawyer with a knack for defending XRP, is challenging Ed Markey. He lost to Warren by 22 points in 2024 but now accepts Bitcoin donations. Fairshake, however, passed on his 2024 race, preferring safer bets-because even crypto has its limits. 🧾
Wyoming’s Cynthia Lummis, a crypto cheerleader, won’t seek reelection in 2026. Her seat is now a blank check for blockchain zealots. Will Deaton get the nod from Fairshake? Only time-and a few million dollars-will tell. ⏳
Broader Industry Political Strategy
Crypto’s playbook now reads like a startup pitch deck: fund candidates before elections, not after. In 2024, this strategy won most contested races. The Winklevoss twins even donated 188 Bitcoin to the Digital Freedom Fund PAC, all in service of making America the “crypto capital of the world.” 🌍
Trump’s administration delivered on crypto promises: the GENIUS Act, a Strategic Bitcoin Reserve, and dropped SEC lawsuits. Critics grumble about undue influence, but crypto supporters argue they’re just playing the game-like poker, but with more emojis. ♠️
Looking Ahead to November
With MAGA Inc. and Fairshake’s combined firepower, 2026’s midterms will be a crypto showdown. As regulators and voters watch, the question looms: Will this money buy a better future, or just another gilded cage? Only the next chapter will say. 📖
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2026-01-06 23:57