Silicon Valley and the cryptocurrency circle are pouring in heavy investments, with Trump setting a record for fundraising before the election
Trump and his allies raised a record $429 million last year, far exceeding the Democratic Party. The funding primarily came from Silicon Valley giants and the cryptocurrency sector seeking regulatory relief, including executives from Crypto.com, OpenAI, and the founder of a16z. Data shows that large donations are often accompanied by favorable policies such as the termination of SEC investigations, easing of AI regulatory scrutiny, and the lifting of business bans
Trump and his allies raised a total of $429 million in 2025, establishing a rare scale of "funding ammunition" as the midterm elections approach.
Most notably, the political action committee (PAC) controlled by Trump's allies—Maga Inc ("Make America Great Again")—currently boasts $304 million in cash, far exceeding any other campaign committee. The latest report from the Financial Times indicates that this scale is also tens of millions of dollars higher than any group associated with the Democratic Party.
Behind this massive fundraising is substantial support from Silicon Valley and the cryptocurrency sector. Notable figures in the tech industry, such as OpenAI co-founder Greg Brockman and cryptocurrency exchange Crypto.com, donated $12.5 million and $30 million respectively, becoming key drivers of Trump's fundraising. These donations not only reflect Trump's continued dominance over the Republican Party but also highlight Silicon Valley and the cryptocurrency industry's preference for Trump's policies, particularly the demand for regulatory relaxation.
Fundraisers in this area clearly hope to continue promoting Trump's "America First" policy, especially regarding relaxed regulations in the cryptocurrency and artificial intelligence sectors. Previously, venture capital giants A16Z founders Marc Andreessen and Ben Horowitz each donated $3 million. The firm has been actively lobbying for legislation favorable to cryptocurrency startups and attempting to prevent states from passing decentralized AI regulatory laws.
Meanwhile, the sources of this massive funding come not only from large corporations and industry giants but also from many individuals seeking Trump's lenient policies. For example, banker Julio Herrera Velutini, who was prosecuted for bribing the governor of Puerto Rico, donated $3.5 million through his family, clearly hoping to leverage Trump's influence for leniency.
For the upcoming elections, Trump and his allies already have sufficient resources to influence the campaign dynamics in key districts, particularly in competitive Senate and House races. The use of this enormous funding remains an unknown, but regardless, it plays a crucial role in maintaining Trump's dominance within the party and shaping the future political landscape
