U.S. President Trump and his allies have raised a record $429 million in political donations for the upcoming midterm elections, with significant contributions from the cryptocurrency and artificial intelligence sectors. The super PAC "Make America Great Again" (MAGA Inc), controlled by Trump allies, holds $304 million, surpassing previous midterm fundraising records. The Trump administration's favorable stance towards the cryptocurrency industry, including regulatory easing and supportive legislation, has attracted substantial donations. Crypto.com made the largest single donation of $30 million to MAGA Inc, following the conclusion of an SEC investigation in 2025. Notable contributions also came from a16z co-founders Marc Andreessen and Ben Horowitz, who each donated $3 million, and OpenAI co-founder Greg Brockman and his wife, who donated $25 million. As the midterms approach, cryptocurrency capital is increasingly influencing regulatory and policy directions through political donations.