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Its top donors over the first six months of 2023 were Scientologist Patricia Duggan ($5 million) and casino owner Phil Ruffin ($2 million).[37] New York Jets owner Woody Johnson (U.S. ambassador to the United Kingdom under Trump) and Charles Kushner (Trump's son-in-law's father, whom Trump pardoned) both gave $1 million.[37]

2024

On May 31, 2024, Timothy Mellon, a billionaire banking heir, gave $50 million to the PAC.[39] Mellon also contributed $50 million in July 2024, which was over 90% of the money raised for MAGA Inc. in July.[40] Diane Hendricks gave $10 million, while the CEO of Cantor Fitzgerald, Howard Lutnick, and Paul Singer of Elliott Management, both contributed $5 million each to MAGA Inc.[41]

2025

In the first six months of 2025, notable donors included Marc Andreessen ($3 million), William E. Ford ($1.25 million), Antonio Gracias ($1 million), Jerry Jones ($1 million), Ronald Lauder ($5 million), Kelly Loeffler ($2.5 million), Timothy Mellon (nearly $2 million), Lynsi Snyder-Ellingson ($2 million), Jeffrey Sprecher ($2.5 million), Warren Stephens ($1 million), Kelcy Warren ($12.5 million), Cameron Winklevoss ($500,000), Tyler Winklevoss ($500,000), and Jeff Yass ($16 million, the highest donation recorded for the period).[42] Cryptocurrency companies Blockchain.com donated $5 million,[42] and Ava Labs donated $1 million.[43]

In February 2025, Anjani Sinha donated $1 million to MAGA Inc.; Sinha was subsequently nominated for US Ambassador to Singapore the following month.[43]

In March 2025, Taylor Farms donated $1 million to MAGA Inc.[44]

In April 2025, former NFL player Cody Campbell donated $500,000 to MAGA Inc.; in July, Campbell was named to the President's Council on Sports, Fitness, and Nutrition.

In June 2025, Elon Musk donated $5 million to MAGA Inc.[45][46] The same month, Jared Isaacman donated $1 million.[43]

Georgia 2026 gubernatorial primary candidate Rick Jackson gave $1 million to MAGA Inc. in December 2025.[47] Hess Corporation CEO John B. Hess and his wife, Susan, also contributed $1 million each that same month.[48][49]

2026

In January 2026, Matthew Moroun, owner of the Ambassador Bridge connecting Detroit and Windsor, Ontario, donated $1 million to MAGA Inc.[50] A few weeks later, Trump threatened to not allow the competing Gordie Howe International Bridge to open.[50] The Gordie Howe Bridge was planned to be opened in June 2026 but the opening was delayed with a White House official citing President Trump's position not changing since February.[51]

In April 2026, Reynolds American donated $5 million to MAGA Inc., about one week before the Trump Administration allowed flavored vapes to be sold on shelves and allowed higher nicotine levels in nicotine pouches.[52] Two days after the donation, a top executive at Reynolds and two lobbyists had lunch with President Trump at his golf club in Florida.[52]

In the first six months of 2026, the PAC also received $35 million from Foris Dax, $25 million from Greg & Anna Brockman, $25 million from Miriam Adelson, $16,000,000 from Jeff & Janine Yass, $12 million from Ben Horowitz & Marc Andreessen, and $5.5 million from Cameron & Tyler Winklevoss.[53]

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[### Crypto industry amasses colossal war chest for elections

Politico

https://www.politico.com › news › 2025/07/15 › crypto...](https://www.politico.com/news/2025/07/15/crypto-super-pacs-war-chest-key-house-votes-00452356)

1 day ago — Since the 2024 campaign ended, crypto firms have doubled down: The PAC network has raised $109 million since Election Day. The latest ...

A super PAC group funded by cryptocurrency companies will enter the upcoming midterm elections with more than $140 million in the bank, according to new fundraising data shared first with POLITICO — a mammoth sum that now looms large over an effort to pass industry-friendly legislation in the House this week.

The group, known as Fairshake, raised $52 million in the first half of 2025, piling onto an already huge sum of crypto campaign cash that could be wielded against lawmakers who oppose the industry’s Capitol Hill agenda — and boost the political fortunes of those who support it.

The PAC network’s fundraising highlights how top crypto firms are plowing ahead with a lobbying strategy that overtly uses political spending to get their way from Congress. The group includes three affiliated super PACs — Fairshake, Protect Progress and Defend American Jobs — that collectively spent $135 million supporting industry allies and taking down crypto critics in Congressional races across the country last year.

Spending by the group in the 2024 campaigns helped take down key roadblocks to the industry’s policy agenda, including former Senate Banking Chair Sherrod Brown, who lost his Ohio re-election campaign to Republican Bernie Moreno — a crypto enthusiast who benefited from more than $40 million of crypto PAC spending. The PACs also boosted industry supporters in dozens of other House and Senate races across the country, including the California Democratic Senate primary and hotly-contested House races in Alabama, Arizona and Virginia.

Since the 2024 campaign ended, crypto firms have doubled down: The PAC network has raised $109 million since Election Day. The latest fundraising haul comes as the House is preparing to take up landmark crypto legislation this week that would help legitimize digital assets as mainstream financial products and craft bespoke new rules governing the sector.

“Fairshake is stronger than ever as we remain focused on our mission of building lasting support for crypto and blockchain innovation,” said Josh Vlasto, spokesperson for the PAC group. “We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country.”

The PAC is primarily funded by three companies: the venture capital giant Andreessen Horowitz, which invests heavily in digital asset startups, and the crypto firms Coinbase and Ripple.

Fairshake’s latest fundraising haul includes $25 million donated by Coinbase, the largest U.S. crypto exchange, along with previously announced contributions from Ripple Labs, Uniswap Labs, and the crypto entrepreneur Robert Leshner.

Coinbase’s chief policy officer, Faryar Shirzad, said in a statement that “crypto is already woven into America’s financial fabric,” and the company is “committed to fighting for the consumer protections and financial empowerment” that digital asset owners “deserve.”

The top Washington priority for the group’s top donors is a GOP-led crypto market structure bill expected to go to the House floor on Wednesday that seeks to create a first-ever crypto regulatory regime by divvying up oversight of digital assets between securities and commodities regulators.

Republicans leading the push for that bill are seeking to win over as many Democrats as they can ahead of the floor vote in order to show that the measure has political viability in the Senate, where bipartisan support is needed to clear a 60-vote threshold. A similar GOP-led proposal passed the House with 71 Democratic votes last year — as Fairshake was beginning to ramp up for the 2024 campaign — but concerns over the Trump family’s business entanglements in crypto may make matching that figure difficult this week.

Some Democrats are considering voting against the sweeping market structure measure but supporting a second, narrower crypto bill affecting so-called stablecoins that the House is expected to send to President Donald Trump’s desk on Thursday.

The crypto super PACs, though, have signaled that the vote breakdown on the broader bill, led by House Financial Services Chair French Hill (R-Ark.), will be their primary consideration as they weigh how to deploy their 2026 haul. The group spent more than $30 million benefiting House Democrats during the last campaign.

A non-profit dark money group that is affiliated with the Fairshake PACs called the Cedar Innovation Foundation said in a statement Monday that Hill’s so-called CLARITY Act is “the most important vote members will take this Congress.”

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