Crypto donations flood Trump's super PAC
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The crypto industry has donated more than $26 million to President Trump this year, according to newly-filed campaign finance disclosures.
Why it matters: The massive infusion underscores how Trump and the crypto industry have been cozying up to one another.
The background: The Trump administration came into office promising to deliver policies that would make the industry grow.
So far he has delivered.
- Trump signed the first federal law on stablecoins, the GENIUS Act.
- He's given Congress a deadline to pass the CLARITY Act, which would create the first comprehensive rules for the crypto industry.
- He announced a Strategic Bitcoin Reserve shortly after coming into office.
Just this week, he put out a 160-page report on steps his administration can take to grow the industry, protect its open-source spirit and defend user privacy.
Zoom out: Trump has been criticized for profiting on the growth of the industry he's used policy to accelerate, including questions of conflict-of-interest.
- The Trump family is deep in everything from stablecoins, meme coins and NFTs to Bitcoin mining.
Big crypto industry donors to the pro-Trump MAGA Inc. super PAC during the first half of 2025 include:
- Blockchain.com, which gave $5 million.
- Investors Marc Andreesen and his business partner, Ben Horowitz, who gave $3 million apiece.
- Cryptocurrency bank Gemini Trust, which donated nearly $3 million. Cameron and Tyler Winklevoss, the company's founders, both contributed around $500,000 apiece.
- Crypto platform Ondo Finance, which donated $2.1 million.
- Cryptocurrency investor Paradigm, which gave $1.2 million.
