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Two major exchanges invest over $21 million in U.S. politics, expanding the influence of the crypto industry

TokenSherpa
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【Crypto World】The political influence of the cryptocurrency industry continues to expand. According to recent data disclosed by the U.S. Federal Election Commission, two leading exchanges have invested over $21 million in political organizations supporting the U.S. president. Among them, Gemini Trust Company donated 1.5 million USDC to a related super PAC, while Foris Dax, the parent company of Crypto.com, donated $10 million twice. The purpose of these funds is clear—supporting candidates with similar ideals in the 2026 U.S. midterm elections. Notably, since 2025, Crypto.com has begun establishing closer collaborations with relevant media companies, indicating that crypto exchanges are becoming more proactive in participating in political and cultural affairs. The 2026 midterm elections will re-elect all 435 House seats and 33 Senate seats, and these donations may just be the beginning of the crypto industry's involvement in the U.S. political landscape.
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