Trump Raised $274M in Political Funds Before Midterm Elections, Musk Generously Donates to Crypto Industry

By: theblockbeats.news|2025/08/04 08:42:23

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BlockBeats News, August 4th, according to Bloomberg, 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 sitting president. According to the latest filing with the Federal Election Commission (FEC), Trump's fundraising total includes donations to three leading political action committees (PACs), a joint fundraising committee, and an ally super PAC, bringing his cash on hand to $274 million.

Cryptocurrency industry donors were generous, with the trading platform Crypto.com's parent company Foris DAX Inc. donating $10 million, Blockchain.com Inc. donating $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, billionaire twins Tyler Winklevoss and Cameron Winklevoss collectively donated just over $2 million. MAGA Inc. also received a $5 million donation from Trump's close ally Elon Musk. Musk's donation was made on June 27th, the same day he also donated $5 million to two super PACs supporting Republican House and Senate candidates.

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