2026-01-06 02:21:19

Recently, there has been an interesting development—several leading cryptocurrency exchanges are making moves in the U.S. political arena. Gemini and Foris Dax, the parent company of a major crypto group, jointly donated a significant amount of money to U.S. politics, totaling $21 million.

Breaking it down: Gemini donated $1.5 million in USDC stablecoins, while Foris Dax made a larger contribution, twice giving $10 million in cash. All of this money ultimately flowed to the same political super PAC organization.

This reflects a trend— the influence of the crypto industry in U.S. politics is increasing. Major exchanges are no longer just focused on business but are beginning to voice their opinions on policy matters. What does political participation mean for exchanges? On one hand, it’s about advocating for policy favors; on the other, it’s paving the way for industry-wide compliance. However, this has also sparked discussions—are large political donations from crypto companies a driver for industry growth, or an overreach into politics?

Regardless, the size of this donation itself indicates the significance of the matter. $21 million is no small sum for any industry, showing how much these exchanges value the policy environment. In the future, the role of the crypto industry in U.S. policy-making may evolve gradually because of actions like these.

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HalfPositionRunner

· 01-08 20:22

21 million dollars invested to buy influence in Washington --- Basically, raising money still depends on political connections, no problem --- Gemini's $1.5 million USDC is quite interesting, directly using stablecoins to bribe? Haha --- A true fact: without policy support, the development of the crypto industry can't go far; it has to go onshore and get involved in politics --- $21 million is a big move, but if this continues, can crypto still be called decentralized? --- Wait, how are the two $10 million portions divided? Is Foris Dax playing it risk-free like this? --- Compliance sounds good, but isn't it just to reduce regulatory scrutiny on oneself? --- The industry's rise in politics is indeed a big deal, but can throwing money buy friendly policies? I remain skeptical --- This is the usual playbook of traditional finance; the crypto world is learning it too --- Feels like an early move for the 2024 election, kind of interesting

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GateUser-afe07a92

· 01-06 16:59

21 million dollars dumped into politics, these guys are really desperate now Gemini and Foris's move truly laid bare their industry stance Basically, it's about buying influence, and the compliance excuse is just for show But on the other hand, if this money can actually lead to friendly policies, it wouldn't be a bad thing for us token holders either

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GasFeeTears

· 01-06 02:50

Twenty-one million dollars invested, the crypto world has pretty much figured out U.S. politics. --- Foris Dax's move... I told you, who in the industry really spends money like it's their own? --- Regulation compliance? Sounds good, but actually it's just buying channels, everyone knows that. --- Stablecoins are all used as gifts; how urgent must that be? --- I just want to know how many friendly policies can be bought with this money. --- Raising influence in the crypto industry? No, this is called spending money to buy influence. --- What does Gemini's 1.5 million USDC mean... Are donations now all settled with stablecoins? --- One Bitcoin for two lawmakers? Is this business profitable? --- This trend will eventually backfire; once you get involved in political participation, there's no turning back.

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Layer2Observer

· 01-06 02:49

Uh, basically it's just spending money to buy policies. The figure of 21 million indeed indicates a problem.

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NFTRegretful

· 01-06 02:32

$21 million? These guys really treat money like paper and burn it, paving the way for compliance? I think they're just paving the way to buy their way in...

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rugpull_survivor

· 01-06 02:29

21 million is quite a lot, but using money to buy policy influence like this—isn't that just the traditional finance approach? Aren't we trying to escape this system?

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DataBartender

· 01-06 02:23

Investing 21 million, this is really going all in.

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RugpullSurvivor

· 01-06 02:22

21 million invested, these guys really want to speak in Washington. But to be honest, it's hard to say how much good policy can be gained from this political donation tactic...

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