Crypto Industry Continues Heavy Funding of Trump’s Super PAC Amid 2024 Election Push

The cryptocurrency industry remains a significant financial backer of former President Donald Trump’s flagship Super PAC, MAGA Inc., which has amassed approximately $200 million in donations. High-profile contributors include the Winklevoss twins, Gemini, a16z’s Marc Andreessen, and Blockchain.com, underscoring the sector’s alignment with Trump’s pro-crypto stance.

Despite Fairshake, a broader pro-crypto Super PAC, raising $140 million for the 2026 midterms, MAGA Inc.’s war chest is poised to prioritize the 2024 election cycle. Historical spending patterns suggest minimal allocation to midterm races, focusing instead on near-term political influence.

Elon Musk’s $5 million donation—following a public dispute with Trump—adds a LAYER of irony to the funding landscape. The industry’s financial clout highlights its growing political leverage, though its impact on long-term electoral strategy remains uncertain.