Gemini Trust and the parent company of Crypto.com contributed a combined $21 million to a pro-Trump PAC in September and October, ahead of the U.S. midterm elections. The moves mark a notable instance of major crypto firms engaging in high‑stakes political spending.
Politico reports the UK is weighing a ban on cryptocurrency donations to political parties as Reform UK leads the polls, raising fresh worries about funding transparency and foreign interference. The proposal aims to curb anonymous and cross-border funding risks tied to crypto.