Why did Gemini donate Bitcoin (CRYPTO:BTC) to a Trump political action committee?

Gemini donated more than US$10 million in Bitcoin (CRYPTO:BTC) to a political action committee supporting President Donald Trump, according to Federal Election Commission records. The filing does not state that the donation was linked to the CFTC case.

What does the US$5 million CFTC settlement involve?

The Commodity Futures Trading Commission accused Gemini of making false or misleading statements during its Bitcoin futures application process. Gemini paid a US$5 million penalty in January 2025 before both parties later sought to reverse parts of the settlement.

How much Bitcoin (CRYPTO:BTC) did Gemini donate?

Gemini donated more than US$10 million in Bitcoin (CRYPTO:BTC) through two separate contributions of more than US$5 million each.

What does the court still need to decide?

The court must decide whether to approve the joint request from Gemini and the CFTC to reverse parts of the January 2025 settlement.

How is the Commodity Futures Trading Commission changing its position?

The Commodity Futures Trading Commission said its review found the original complaint should not have been filed under current enforcement standards. The agency said the US$5 million penalty will not be refunded even if the motion is approved.

Image for illustrative purposes only. Not a real photo.

Gemini sends US$10M Bitcoin to Trump PAC

Written by Isaac FrancisPublished Jul 24, 2026, 12:17 AM

Gemini donated more than US$10 million in Bitcoin (CRYPTO:BTC) to a political action committee supporting US President Donald Trump.
The donation came weeks after the CFTC and Gemini asked a court to reverse a US$5 million settlement.
The contribution highlights the growing role of the crypto industry in US politics.

Gemini (private) donated more than US$10 million in Bitcoin (CRYPTO:BTC) to MAGA Inc., a political action committee supporting US President Donald Trump, according to a Federal Election Commission filing.

The donation was reported about three weeks after the US Commodity Futures Trading Commission and Gemini jointly asked a court to reverse a US$5 million settlement reached in January 2025.

Federal Election Commission records show Gemini made two Bitcoin donations worth more than US$5 million each on June 19, and the political action committee may use the funds for independent spending in support of Trump.

The original CFTC case accused Gemini of making false or misleading statements during its Bitcoin futures application process before the company agreed to pay a US$5 million penalty in 2025.

The CFTC later said its review found the complaint should not have been filed under its current enforcement standards, and the court will decide whether to grant the joint motion.

At the time of reporting, Bitcoin price was $65,109.75.

Gemini sends US$10M Bitcoin to Trump PAC

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