Crypto.com donated another $5M to pro-Trump Super PAC in January

Cryptocurrency exchange Crypto.com donated an additional $5 million in January to MAGA Inc., a Super PAC supporting U.S. President Donald Trump, Decrypt reported. The contribution brings the company's total donations to the group over the past year to $35 million. The move was followed by favorable actions from agencies within the Trump administration. Last week, the Commodity Futures Trading Commission (CFTC) intervened in a Nevada lawsuit concerning sports prediction markets, submitting a brief in support of Crypto.com. This action came after CFTC Chairman Mike Selig had stated in a Senate hearing that he would respect the court's decision on the matter. Furthermore, on Feb. 24, Crypto.com received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.