Cryptocurrency companies have helped US President Donald Trump fill his inflated «war chest.»
According to the latest report filed with the Federal Election Commission, in the first half of 2025, a record-breaking sum by American standards was donated to Trump’s three political committees and other organizations associated with the president, $236 million. Donald uses this money to fight opponents and protect supporters, which is why it is called a war chest. In particular, the funds can be spent on advertising for Republican congressional candidates.
Among the cryptocurrency firms and individuals who donated the most to Trump’s forces were:
- Foris DAX, the company that owns the exchange Crypto.com, transferred $10 million;
- Custody and trading services provider Blockchain.com transferred $5 million;
- Digital asset venture capitalists Marc Andreessen and Ben Horowitz each gave $3 million;
- Billionaire brothers Tyler and Cameron Winklevoss, who founded the exchange Gemini, donated $2 million.
Brothers Tyler and Cameron Winklevoss
The funding raised gives Donald and his fellow Republicans a huge financial advantage over the Democrats, who received only $70 million. Therefore, the Republicans have a better chance of winning the US Midterm elections, which will be held next year. If successful, Donald’s party will retain control of both houses of Congress and will be able to continue to pass laws favorable to the crypto industry, one of which was the recently enacted decree on stablecoins.