Gemini and Crypto.com parent company donate $21 million to political super PAC

GasFeeLady · 2026-01-06T01:48:12+00:00

Recently, crypto exchanges Gemini and Crypto.com have been active in political donations, totaling $21 million, reflecting the influence of the crypto industry in U.S. politics, aiming to secure favorable policies and a friendly regulatory environment.

GasFeeLady

2026-01-06 01:48:12

Abstract generation in progress

【BitPush】According to the latest report from FinanceFeeds, two leading cryptocurrency exchanges have recently been active in political donations. Gemini donated $1.5 million in USDC stablecoins to a super PAC supporting related political activities, while Foris Dax, the parent company of Crypto.com, adopted a phased donation strategy, initially contributing $10 million in cash, with both parts totaling $20 million.

Overall, the total donations from these two organizations amount to $21 million. This move reflects the increasing activity of the crypto industry in the US political landscape. As digital assets continue to rise in prominence within the global financial map, interactions between mainstream trading platforms and political processes are becoming more frequent. Such donations are often seen as part of corporate strategic planning, aiming to gain policy favor or establish a regulatory environment friendly to the industry.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
3
Repost
Share

Comment

0/400

SoliditySlayer

· 01-06 02:18

Investing 21 million is a gamble on policy trends, clearly aiming to buy a "friendly" regulatory environment in Washington.

View OriginalReply0

TxFailed

· 01-06 02:09

ngl, so they're just straight up buying regulatory favors now? classic move, learned this the hard way watching how the sausage gets made in dc.

Reply0

ser_ngmi

· 01-06 01:59

Ha, here we go again... I'm just worried that the big players in the crypto world won't be able to buy friendly regulation with their money. Large political donations are just about buying insurance for themselves, but I think that's unlikely. Spending 21 million, what's the return rate? This calculation is a bit uncertain. It seems very hard to buy off the US political scene; the crypto circle is being too naive. If this continues, the regulatory environment won't improve much. Instead of throwing money into politics, it's better to focus on technology... but they definitely won't listen. Money invested in politics could be better used for ecosystem development.

View OriginalReply0