What To Know:
- Trump has raised about $429 million ahead of the US midterms, with crypto and AI executives emerging as major donors.
- Crypto firms, including Crypto.com and prominent tech investors, have backed Trump amid expectations of lighter regulation.
- Trump’s statements and crypto ties are influencing market sentiment, triggering volatility in tokens linked to his allies.
US President Donald Trump has raised about $429 million, as the midterm election cycle gathers pace. A notable share of that money has flowed in from crypto and artificial intelligence executives, signalling how closely parts of the tech sector are tying their interests to Trump’s policy agenda.
Over the past year, Trump and political groups aligned with him have, according to recent disclosures, marked one of the largest fundraising hauls ever recorded ahead of a US midterm vote. At the centre of the fundraising effort is Make America Great Again Inc., a super PAC controlled by Trump allies.
The group is currently sitting on roughly $304 million in cash, an unprecedented sum for a political action committee in a midterm cycle. Analysts tracking campaign finance say the size of the ‘war chest’ reflects confidence among donors that Trump’s return to political prominence could reshape regulatory priorities, particularly for emerging technologies.
Crypto Industry Among Top Donors for Trump’s Mid-Term Elections
Crypto firms have featured prominently among the donors. According to reports, the largest disclosed single contribution came from Crypto.com, which donated $30 million to the super PAC. The exchange had previously been under investigation by the Securities and Exchange Commission during the Biden administration, a probe that was settled in 2025. Venture capital has also played a role.
Andreessen Horowitz co founders Marc Andreessen and Ben Horowitz each gave $3 million. OpenAI co-founder Greg Brockman and his wife collectively contributed $25 million, underlining how closely AI and crypto funding streams are now intertwined in US politics.
Trump’s appeal to crypto donors is rooted in his public posture toward the sector. His team has repeatedly signalled support for lighter regulation, the winding down of enforcement actions, and legislation viewed as friendlier to digital asset businesses. That stance has stood in sharp contrast to the regulatory approach taken over the past few years, during which crypto companies faced aggressive control.
Trump himself has leaned into that narrative. Speaking during a White House press briefing, he described himself as a strong supporter of digital assets. He said he believed cryptocurrency development was essential for the US to remain competitive. He drew parallels with artificial intelligence and warning that other countries would take the lead if Washington hesitated. The comments were widely circulated across crypto social media, which reignited the perception that Trump sees the industry as both an economic and geopolitical priority.
His remarks have not been without controversy. Trump has previously faced criticism over World Liberty Financial, a crypto project backed by members of his family. After reports that an Abu Dhabi royal family had invested $500 million in the venture, Trump said he was not directly involved and that his sons were handling the project. He added that interest in cryptocurrency was widespread and that investments could come from many sources. Opposition figures have seized on the episode as evidence of blurred lines between politics and private crypto ventures.
Market reactions have highlighted how closely Trump’s political moves are now being watched by crypto investors. The WLFI token linked to World Liberty Financial has shown sharp swings in response to his statements. When Trump threatened to decertify Canadian made aircraft and floated tariffs of up to 50 percent, and later warned Canada against pursuing a trade agreement with China, risk sentiment across markets weakened. Those comments spilled over into WLFI trading.
On chain data shows that following the remarks, large holders moved quickly to cut exposure. Supply held by top non exchange addresses dropped by around 380 million WLFI over the past week, a stake valued at more than $51 million at current prices.
Also Read: Trump Denies Knowledge of $500M Abu Dhabi Stake in WLFI
