Crypto Titans Deploy $21.5M in USDC to Pro-Trump PAC, Betting on 2026 Policy Shift
In a major strategic move, two of the industry's leading firms—Gemini Trust Company and Foris Dax, the parent company of Crypto.com—have contributed a combined $21.5 million in USDC to the pro-Trump political action committee MAGA Inc. This late-2025 capital injection represents a calculated effort by the digital asset sector to influence the composition of Congress in the upcoming 2026 midterm elections, aiming to secure a more favorable regulatory landscape.
The timing is critical. The contributions arrive amidst heightened regulatory tension, with a key cryptocurrency bill stalled in the Senate due to partisan gridlock and traditional financial institutions ramping up their anti-crypto lobbying efforts. This massive financial backing of Trump-aligned groups underscores the industry's pivot toward direct political engagement as a primary strategy for shaping future policy.
The move could significantly amplify pro-crypto voices on Capitol Hill, potentially boosting candidates like John Deaton who advocate for digital asset innovation. This development raises pivotal questions about the evolving relationship between finance and politics: Are crypto firms astutely leveraging their capital for policy influence, or are they being drawn into broader partisan electoral strategies?
