Days after $5M donation, Trump administration backs Crypto.com in lawsuit

https://popular.info/p/days-after-5m-donation-trump-administration


In a document quietly filed with the Federal Election Commission on Friday night, MAGA Inc., the primary Super PAC supporting President Trump, revealed that it received a $5 million donation from Crypto.com on January 23, 2026. The donation was made in the name of Crypto.com’s parent company, Foris Dax, Inc.1

25 days later, on February 17, the Trump administration’s Commodities Futures Trading Commission (CFTC), intervened on Crypto.com’s behalf in high-stakes lawsuit in federal court.

Last year, Crypto.com sued the Nevada Gaming Control Board, arguing that it has the right to offer “prediction markets” on the outcome of sporting events without obtaining a Nevada gaming license. In October 2025, a federal court denied Crypto.com an injunction, and the company is now appealing the decision.

In addition to filing a formal amicus brief in support of Crypto.com’s appeal, CFTC chairman Mike Selig published an op-ed supporting Crypto.com’s position in the Wall Street Journal and posted a video supporting Crypto.com on X.

The timing of CFTC’s intervention raises serious ethical questions.

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