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Cryptocurrency exchange Gemini has donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting former US President Donald Trump. According to a report filed with the US Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss completed the donations in two installments on June 19, each worth over $5 million. This donation occurred about three weeks after the CFTC and Gemini jointly filed a motion with the US District Court for the Southern District of New York, seeking to vacate the $5 million settlement agreement reached in January 2025. The settlement stemmed from the CFTC's earlier allegations that Gemini had made false or misleading statements. MAGA Inc. can use these funds to support independent political expenditures for Donald Trump. Previously, the Winklevoss brothers each donated $1 million to Donald Trump's 2024 campaign and contributed $21 million worth of Bitcoin to the Digital Freedom Fund PAC to support the crypto policy direction of the Trump administration. Currently, the court has not yet ruled on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the sole commissioner of the agency. As of June 30, MAGA Inc. has reported receiving over $397 million in funds.
documents filed by Protect Progress PAC, an affiliate of the crypto-focused political action committee Fairshake, with the U.S. Federal Election Commission (FEC) show that as of Tuesday, it has spent over $986,000 to support current Democratic Representative Shri Thanedar in Michigan’s 13th Congressional District and oppose challenger Donavan McKinney. The expenditure occurs two weeks before the August 4 Democratic primary, which will determine the party’s nominee for the November general election. Protect Progress PAC spent approximately $1 million in 2024 to support Thanedar, who received 54.9% of the vote in that year’s Democratic primary and went on to secure 68.6% of the vote in the November general election. Fairshake and its affiliated organizations report having a $191 million war chest to influence key elections. Other crypto industry-related political action committees include the Fellowship, backed by Cantor Fitzgerald and Anchorage Digital, and the Blockchain Leadership Fund, supported by Anchorage and Chainlink Labs. Protect Progress PAC has also spent over $100,000 to support Arizona Representative Greg Stanton’s re-election. Meanwhile, Defend American Jobs PAC has spent over $65,000 to support Amanda McKinney, the Republican candidate in Washington’s 4th Congressional District.
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
加密货币支持的政治行动委员会在纽约、马里兰和犹他州初选中投入超 800 万美元支持候选人，部分民主党人呼吁拒绝此类外部资金。
According to Forbes, as the 2026 U.S. primaries advance, political donations from the crypto industry have surged significantly. Protect Progress—a Democratic super PAC backed by the Fairshake network—is continuously channeling funds into candidates across several key districts, sparking controversy over “political narrative packaging.” Disclosures show that in the Maryland House of Delegates race alone, Protect Progress has contributed over $4.9 million to candidate Adrian Boafo; similar funding has also flowed to multiple Democratic candidates in Texas and Georgia. Meanwhile, Congress is advancing the Digital Asset Market Structure Act (the CLARITY Act), and the progress of this legislation further elevates the importance of primary election outcomes. Analysts contend that the crypto industry’s influence within the U.S. political system continues to expand, with several senators and candidates publicly endorsing regulatory frameworks for the crypto industry.
According to reporter Eleanor Terrett (@EleanorTerrett), cryptocurrency critic and U.S. Representative Brad Sherman has advanced smoothly to the general election for California’s 32nd congressional district and will face pro-crypto Republican candidate Larry Thompson again in November. Thompson eliminated Democratic challenger Jake Levine in the primary, but he lost to Sherman by over 32 points in 2024. Given Sherman’s overwhelming advantage in this deeply blue district, attention is turning to whether the cryptocurrency political action committee (Crypto PAC) will be willing to invest funds to oppose Sherman.
According to CoinDesk, as the U.S. midterm elections heat up, cryptocurrency industry political action committees (PACs) are significantly increasing their financial support for congressional races. Some newly formed PACs are shifting their focus toward Republican candidates. The report notes that Fairshake remains the most influential super PAC in the industry, having already influenced primary outcomes in states like Texas through large-scale spending—and contributing to the defeat of long-time critic, Representative Al Green. Meanwhile, newer PACs such as Fellowship and the Digital Freedom Fund are backing Republican candidates more heavily, potentially undermining the bipartisan balance the crypto industry has maintained across several previous election cycles.
According to CoinDesk, the cryptocurrency Political Action Committee (PAC) spent a total of $9 million in Texas primaries, supporting winning candidates from both parties—demonstrating the industry’s active effort to secure political influence and laying early groundwork for the 2026 midterm elections.
According to Cointelegraph, cryptocurrency-related political action committees (PACs) and industry executives have invested over $500 million in the 2026 U.S. election, with Republican candidates receiving significantly more support than Democratic candidates.
the Blockchain Leadership Fund (BLF), a bipartisan hybrid political action committee (PAC) co-founded by Anchorage Digital and Chainlink Labs in March 2026, has released its first list of endorsements for the 2026 US midterm elections, providing campaign contributions to support multiple candidates from both parties in the Senate and House of Representatives.The endorsements include Senate candidates Barry Moore, Kurt Alme, Jon Husted, and Angie Craig, as well as House candidates Houston Gaines, Jim Kingston, Jon Bonck, Adrian Boafo, Christian Menefee, and Don Davis, covering key states such as Alabama, Montana, Ohio, Minnesota, Georgia, Texas, Maryland, and North Carolina. The fund stated it will continue to evaluate candidates and expand its support at the federal, state, and local levels. (Cryptoinamerica)
According to Axios, Fellowship PAC—a cryptocurrency-focused super political action committee funded by Howard Lutnick’s former firm Cantor Fitzgerald—disclosed in its Federal Election Commission (FEC) filing plans to spend $1.75 million supporting Ken Paxton in the Texas primary runoff. This move has raised alarms among senior Republican officials. Several top GOP officials called Lutnick on Tuesday, urging him to intervene and correct course. Republican leaders are concerned that the expenditure could interfere in a sensitive intra-party primary—Donald Trump has yet to publicly endorse either Paxton or Senator John Cornyn.
According to The Block, Sentinel Action Fund—a U.S. super PAC backed by the Solana Foundation—announced it will join forces with its sister advocacy organization Right Vote to spend $8 million supporting Republican Senator Jon Husted in Ohio’s upcoming election against Sherrod Brown, aiming to prevent the former senator and crypto skeptic Sherrod Brown from returning to the Senate. Jon Husted has long supported crypto innovation and backed several pro-crypto legislative initiatives, including the GENIUS Act. Per filings with the U.S. Federal Election Commission, the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital contributed $250,000.
According to Bloomberg, Wall Street bank Cantor Fitzgerald donated $10 million to the super political action committee Fellowship PAC in January this year. The committee aims to support U.S. political candidates who are pro-cryptocurrency. According to U.S. Federal Election Commission (FEC) filings made public on Wednesday, Jesse Spiro, Head of Government Affairs at Tether, serves as Chair of Fellowship PAC. The report states that Cantor Fitzgerald is currently run by the son of U.S. Secretary of Commerce Howard Lutnick, and Tether is one of its largest clients.
Odaily News Cantor Fitzgerald has donated $10 million to the pro-crypto political action committee Fellowship PAC, which is chaired by Tether U.S. executive Jesse Spiro.Fellowship PAC, established in 2025, has secured over $100 million in pledged funding and aims to support candidates who advocate for digital asset-friendly regulation. The organization has previously spent over $1 million on advertising support in multiple elections.Cantor has a close relationship with Tether, having provided custody services for its stablecoin reserves since 2021. This donation further strengthens their collaboration at the policy level.In addition to Cantor, institutions such as Anchorage Digital have also participated in the donations. Industry insiders believe that as regulatory battles intensify, the crypto industry is continuously increasing its political investment in Washington to push for a clearer and more enforceable regulatory framework.