The post Crypto exchanges pour $21M Into Trump-backed PAC ahead of 2026 midterms appeared on BitcoinEthereumNews.com.

Two major cryptocurrency firms have donated more than $21 million to a political organization backing US President Donald Trump, according to an official filing. The report, submitted to the FEC on Friday, shows the funds went to the MAGA Inc. Super PAC. Gemini Trust Company contributed $1.5 million in USDC, a type of stablecoin that was converted into US dollars. Foris Dax, the parent company of the Crypto.com exchange, made two separate $10 million contributions. Other donations included $1 million from Shift4, a payments company, and more than $4 million from JPMorgan Chase Bank, N.A. Combined, these contributions helped boost the MAGA Inc. Super PAC’s total funds to roughly $294 million. Crypto.com has been working more closely with Trump’s media company since 2025. This partnership is one element in a plan to retain digital money as company savings, or a digital asset treasury approach. Why these donations matter ahead of the midterm elections President Trump will not run for president in 2026 because his current term ends in January 2029. However, the money given to the PAC can still be used to help other politicians who share his ideas. In 2026, the United States will hold midterm elections. During these elections, voters will elect all 435 members of the US House of Representatives and 33 members of the US Senate. These elections are important because they decide which political party controls Congress. Currently, Republicans hold control, but Democrats hope to win enough seats to take control of both the House and the Senate. Some of the races could be very important for the cryptocurrency industry. One example is John Deaton, a Republican lawyer who supports digital assets and has spoken publicly in favor of XRP, a popular digital currency. He is running for a Senate seat in Massachusetts, currently held…

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Filed under: News - @ January 6, 2026 1:23 am