Significant Crypto Industry Donations Bolster Trump-Aligned PAC Ahead of Midterms
In a notable display of increasing political engagement from the digital asset sector, major cryptocurrency firms contributed a substantial $21 million to a Political Action Committee (PAC) supporting former President Donald Trump. These significant financial injections occurred during September and October, underscoring the industry’s growing influence in the American political landscape leading up to the midterm elections.
Key Contributors and Financial Scope
The substantial sum was primarily channeled through two prominent entities within the cryptocurrency space:
- Gemini Trust Company: A leading cryptocurrency exchange and custodian, known for its regulatory compliance efforts.
- Parent Company of Crypto.com: The overarching entity behind the globally recognized cryptocurrency platform, Crypto.com, which boasts a significant user base.
These contributions, totaling $21 million, were disbursed across September and October. This critical
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