Cryptocurrency companies have emerged as significant donors to US political campaigns, with more than $21 million recently contributed to a super PAC supporting President Donald Trump. Federal Election Commission filings show Gemini Trust Company and Crypto.com parent Foris Dax as the largest crypto-linked contributors, adding to the PAC’s growing cash reserves ahead of the midterm cycle.
The donations come despite Trump not appearing on the ballot in 2026, as super PAC funds can be used to back aligned congressional candidates. Control of the House and Senate is at stake, with several races expected to influence future digital asset legislation, including open or contested seats held by lawmakers with established crypto policy views.
The activity underscores a broader trend of rising political engagement by crypto firms following years of regulatory uncertainty. Industry-backed PACs played a visible role in the 2024 election cycle, and continued contributions suggest digital asset companies are seeking greater influence over regulatory and legislative outcomes in Washington.
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