Mars Finance News, on August 4, according to Bloomberg, Elon Musk, Jeff Yass, and cryptocurrency industry donors helped President Trump raise $236 million for his political operations in the first half of 2025, an unprecedented amount for a second-term president. According to the latest filing with the Federal Election Commission (FEC), Trump's total fundraising includes donations to three leadership Political Action Committees (PACs), a joint fundraising committee, and an allied Super PAC, bringing his cash on hand to $274 million. Cryptocurrency industry donors were generous, with Foris DAX Inc., the parent company of Crypto.com, donating $10 million, and Blockchain.com Inc. donating $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, while billionaire twins Tyler Winklevoss and Cameron Winklevoss collectively donated slightly over $2 million. MAGA Inc. also received a $5 million donation from Elon Musk, a close ally of Trump. Musk's donation was completed on June 27, the same day he donated $5 million to two Super PACs supporting Republican House and Senate candidates.
Trump raises $274 million in political funds ahead of midterm elections, with Musk and the crypto industry contributing generously
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