Key Insights:
- Trump crypto fundraising hit $429M, as digital asset and AI donors became major political financiers.
- Make America Great Again amassed $304M, making it the largest super PAC war chest in midterm history.
- Crypto, AI, and tech-linked donations now play a central role in shaping Trump-aligned political influence.
The Trump crypto fundraising operation has reached new levels ahead of the U.S. midterm elections. Over the past year, U.S. President Donald Trump and his allies raised a record $429 million in political donations. Cryptocurrency firms, artificial intelligence executives, and technology investors made major contributions.
According Financial Times report, the bulk of the funds flowed into the super PAC Make America Great Again. The committee, controlled by Trump allies, now holds $304 million in cash. That figure exceeds the reserves of any political action committee in any previous midterm cycle.
The scale of the fundraising stands out because Trump is a term-limited president. He cannot raise money for his own reelection campaign. Despite that, the latest Trump news shows that he remains the Republican Party’s most powerful fundraising force.
Polls cited in the analysis show discontent among some swing voters. Concerns include immigration policy and overseas military involvement. Even so, donor behavior shows Trump continues to dominate Republican political influence.
Trump Crypto Donations Drive Super PAC Growth
Trump crypto donations have emerged as a central pillar of the fundraising effort. Make America Great Again has raised tens of millions of dollars from cryptocurrency firms and related investors in recent months. These donations coincided with regulatory rollbacks and policy shifts favorable to digital asset businesses.
The largest disclosed single contribution came from Crypto.com. The cryptocurrency exchange donated $30 million to Trump’s core political action committee last year. This company’s SEC investigation, opened during the Biden administration, concluded in March 2025.
Crypto.com said discussions about ending the investigation began before Trump took office. The company stated that the agreement was finalized under the prior administration. It has also signed cooperation agreements with crypto businesses linked to the Trump family.
Other major technology donors followed. Greg Brockman, president and co-founder of OpenAI, donated $12.5 million in December. His wife, Anna Brockman, matched that amount with a separate $12.5 million contribution.
Brockman also invests in a lobby group that aims to restrict state-level AI regulations. He has been backing candidates opposed to strict AI regulation. Brockman replied that his donation supported policies that promote innovation in America.
The Andreessen Horowitz venture capital firm was also ranked among the best donors. Ben Horowitz and Marc Andreessen, the founders, each contributed $3 million. The company has been lobbying for crypto-friendly laws and equal AI regulations.
Trump News Highlights the Use of Funds and Political Strategy
Trump news coverage has increasingly focused on how the funds may be deployed. While Trump has not outlined specific plans, his allies have already acted. An independent fund launched efforts against Republican Congressman Thomas Massie.
Massie has publicly clashed with Trump. Disputes centered on a federal budget bill and the release of the Epstein Papers.
Republican strategist Alex Conant said the money could be used to target close Senate and House races. He added that the war chest could also help Trump maintain influence after leaving office.
Other donors came from the finance and healthcare sectors. Investor Jeff Yass pledged to donate $16 million by 2025. His firm, Susquehanna, holds large shares in ByteDance, the owner of TikTok.
Tobacco company RAI Services donated $3 million after the administration repealed a menthol cigarette ban. Extremity Care and its affiliates contributed more than $10 million combined. Shortly after, the administration halted restrictions affecting Medicare coverage for products the firm supplies.
Trump Crypto and AI Money Reshapes Fundraising Market
Trump crypto funding also includes less transparent sources. More than $21 million came from Securing American Greatness, a dark-money organization that does not disclose its donors. The structure limits public insight into funding origins.
Individual cases also drew attention. Julio Herrera Velutini, a Venezuelan-Italian banker accused of bribery, received a pardon this month. His daughter donated $3.5 million to Make America Great Again after Trump’s reelection.