Crypto donations flood Trump's super PAC
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.
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