Key Takeaways:
- Gemini donated more than $10 million dollars in Bitcoin to the pro-Trump MAGA Inc. PAC.
- The gift was revealed in recently public records filed by the Federal Election Commission.
- The transfer follows an active CFTC lawsuit against Gemini that is still going through the court.
The latest records released by the Federal Election Commission (FEC) reveal a crypto exchange named Gemini had one of the largest reported political donations and sent over $10 million worth of Bitcoin to Super Pac, MAGA Inc., which backs President Donald Trump’s re-election to office in the United States.
Gemini Reports Multi-Million Dollar Bitcoin Transfers
Official FEC records for Committee: MAGA INC., generated on July 23, 2026, show Gemini Trust Company recorded multiple Bitcoin transfers on June 19. The filing includes two transactions worth roughly $5 million each, along with several smaller transfers, bringing the reported total to more than $10 million.
The transactions were identified as non-contributions and meant that the Bitcoin had been sent to an unknown buyer via Gemini. Values were converted to dollars, in accordance with standard FEC policy requirements.
The transfer’s size soon became apparent, leaving even crypto’s own advocates stumped for words when trying to explain the growing involvement in political funds.
Read More: Gemini’s $100M Bitcoin-Funded Bet Ignites Push Into Crypto Prediction Markets
Crypto Donations Continue Growing
Super PACs are not limited in how many contributions they can accept, so they represent an appealing form of many individual and corporate donations for conducting independent political activity.
Bitcoin Becomes a Political Funding Tool
Gemini’s most recent donation is one of the largest public crypto transfers in U.S. elections thus far. In the ongoing evolution of digital assets’ acceptance, more crypto companies and notable representatives are becoming involved with policy discussion related to stablecoins, market structure regulation, and further blockchain legislation.
In addition, the filing indicates that MAGA Inc. had collected almost $400 million by June 30, with the Bitcoin contribution from Gemini being one of the largest cryptocurrency donations received.
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Donation Coincides With Ongoing Legal Review
The announcement occurs as Gemini continues to have an unresolved legal issue with the U.S. Commodity Futures Trading Commission (CFTC).
Earlier this year, Gemini and the CFTC both requested reconsideration of the previous settlement from a federal court in the matter of allegations the exchange made in an earlier investigation. A public decision has yet to be issued by the court.
No evidence of any bitcoin donation having a connection with the legal proceedings, nor is there any connection between them and the FEC filing or the accompanying note from Gemini.
Nevertheless, the time has garnered more public scrutiny as U.S. politicians keep debating impending significant crypto legislation which might significantly alter digital asset oversight. The recent disclosure was a testament to the ongoing evolution of Bitcoin beyond investment spaces into the political arena and campaign finance.
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