Crypto.com donated $35 million to a pro-Trump super PAC in the past year

According to FEC filings, Crypto.com has donated a total of $35 million to the pro-Trump super PAC MAGA Inc over the past year, including a $5 million donation made in January of this year.

In the weeks following the latest donation, the exchange received several regulatory benefits. Yesterday, Crypto.com applied for a national trust bank charter, allowing it to provide digital asset custody, staking, and trading settlement services as a federal regulator.

Additionally, Crypto.com is involved in a lawsuit with the state of Nevada regarding prediction markets and has submitted a motion in support of the company. Currently, Crypto.com has reached a strategic partnership with Trump Media & Technology Group to provide cryptocurrency ETF custody and prediction market technology support.