Elon Musk and Jeff Yass, along with cryptocurrency industry donors, helped Trump raise $236 million for his political operations in the first half of 2025, an unprecedented amount for a second-term president. According to his latest filings to the Federal Election Commission (FEC), Trump's total fundraising includes contributions to three leadership PACs (PACs), a joint fundraising committee, and an ally super PAC, bringing his cash on hand to $274 million.
Cryptocurrency industry donors opened the purse generously, with ForisDAX Inc., the parent company of the trading platform Crypto.com, donating $10 million and Blockchain.com Inc. donating $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, and billionaire twins Tyler Winklevoss and Cameron Winklevoss together contributed just over $2 million. MAGA Inc. also received a $5 million donation from Elon Musk, a close Trump ally. Musk's donation was completed on June 27, the same day he also donated $5 million each to two super PACs supporting Republican House and Senate candidates.
Trump raises $274 million political money ahead of midterm elections, Musk opens the purse generously with crypto industry
2025-08-04 00:14:30
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