Gemini has donated $10 million in Bitcoin to MAGA Inc., the super PAC aligned with Donald Trump, according to a disclosure report filed with the Federal Election Commission. The contribution places the cryptocurrency exchange founded by Cameron and Tyler Winklevoss among the major donors backing the committee.

The donation is documented in an FEC filing, which lists the contribution to the committee. MAGA Inc. is registered with the FEC under committee identifier C00892471.

Public interest group Public Citizen has described the committee's donor list as populated with corporate and billionaire contributors, placing Gemini's contribution alongside other large institutional donations to the group.

A Crypto Exchange Backing a Political Committee

The contribution is notable because it links a major digital-asset exchange directly to a high-profile political fundraising vehicle. Super PACs can raise and spend unlimited sums to support or oppose candidates, but they are legally separate from candidate committees and may not coordinate their independent expenditures with campaigns.

Gemini's founders have previously featured in reporting on their political giving. The Lever reported that the Winklevoss twins gave Trump millions following a regulatory outcome involving the firm.

A contribution of this size draws scrutiny precisely because of the intersection between crypto capital and campaign-aligned activity. Gemini has been active in Washington policy debates, joining Coinbase and Kraken in pressing the Senate on token listing rules, which gives the exchange a direct stake in the shape of future crypto legislation.

The recipient's identity gives the story a clear political dimension. Because MAGA Inc. is a Trump-aligned super PAC, a multi-million-dollar crypto donation feeds ongoing questions about how much influence industry money carries in policy discussions, as the Financial Times has documented in its coverage of crypto's political spending.

How Bitcoin Donations Are Reported

The contribution was made in Bitcoin rather than cash, which distinguishes it from a conventional political donation. Asset choice is central to how the contribution is valued, since the dollar figure attached to a crypto gift depends on the token's price at the moment of transfer.

Political committees that accept cryptocurrency must value and report those contributions under FEC rules, meaning the timing of the transfer affects the recorded amount. In FEC reporting, cryptocurrency contributions are treated as non-cash contributions, which makes disclosure of the contributor, recipient, date, and value central to the public record. That reporting requirement is why the gift appears in the committee's itemized FEC disclosure rather than as an off-record transaction.

The Disclosure Trail

The donation is disclosed in FEC records, but the filing itself is the primary confirmation available. Further detail on the transaction's timing and exact valuation would come from the committee's itemized reports. Additional itemized contribution data for the committee is available through the FEC's contribution records.

Large crypto-linked political donations tend to attract commentary from compliance watchers and campaign-finance groups, and this contribution combines a major exchange brand, Bitcoin, and a Trump-aligned committee. Those elements place the filing within the broader debate over cryptocurrency's role in U.S. political funding.