Trump net of more than $ 26 million in crypto donations this year, new deposits reveal

The cryptography industry has donated more than $ 26 million to Donald Trump this year, the new campaign financing documents.

The campaign financing files show that contributions to the Pro-Trump Super PAC, Maga Inc., come from some of the biggest names in Crypto, according to a recent Axios report.

Blockchain.com led the list with a donation of $ 5 million. The venture capital Marc Andreessen and Ben Horowitz each gave $ 3 million, while Gemini Trust added nearly $ 3 million.

Winklevoss Twins personally gives $ 1 million in crypto in the Trump campaign

The co-founders of Gemini Cameron and Tyler Winklevoss also contributed $ 500,000 each personally.

The other main donors include Ondo finance with $ 2.1 million and paradigm, which gave $ 1.2 million.

The influx signals links between Trump and Crypto Players, while the former president is positioning himself as an industry champion.

Its administration has gone through several pro-Crypto measures since its return to functions, in particular the signing of the Act on Engineering, the first federal legislation relating to the stablecoins.

Trump administration also puts pressure on the congress to adopt the Clarity Act, a radical regulatory framework for digital assets.

In addition, Trump has introduced a Bitcoin strategic reserve and published a 160 -page report describing plans to support the open source cryptographic infrastructure and defend user confidentiality.

Although the political momentum praised the industry leaders, it also aroused criticism of conflicts of potential interests.

Trump family members are involved in a range of crypto provisions – stables and pieces even to NFT and bitcoin extraction – on concerns about the profit of sectors directly affected by the decisions of its administration.

Deposits suggest that Trump has become the favorite candidate for a large band of cryptographic industry, at a time when regulatory uncertainty remains a central concern.

Trump’s crypto holdings make up the key part of his fortune

Trump cryptography assets are also part of his personal wealth.

The Bloomberg billionaire index estimates that TMTG action represents $ 2.2 billion in fortune of Trump $ 6.6 billion.

Its wider cryptocurrency investments have won at least $ 620 million in recent months.

However, this decision raises concerns among certain industry figures. Nick Carter, general partner of Castle Island Ventures and a supporter of Trump, said that overlap between Trump’s political influence and his financial exhibition in cryptographic markets could create a conflict of interest.

“It is always a headache to have companies with contradictory interests,” he told Bloomberg.

As indicated, nearly 70 candidates and officials of the Trump administration would hold crypto or investments in blockchain companies, with holders ranging from modest sums to more than $ 120 million.

The group includes vice-president JD Vance and seven members of the cabinet or candidates, who have collectively revealed at least $ 2 million in cryptographic assets.

Critics warn that this creates conflicts of potential interests and normalizes investments at risk of cryptography between civil servants.

The Post Trump is no longer of $ 26 million in crypto donations this year, new deposits on Cryptonews revealed.

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