MAGA Inc, the principal super political action committee supporting U.S. President Donald Trump, has accumulated more than $400 million in campaign funds as Republicans prepare for the November midterm elections. A filing with the Federal Election Commission revealed that the group, which began the year with $300 million, had increased its reserves to over $400 million by the end of June.
The filing showed that in June alone, MAGA Inc received notable contributions, including $1 million from NASA Administrator Jared Isaacman and $10 million from billionaire twins Tyler and Cameron Winklevoss, who reportedly liquidated bitcoin to make their donations. The committee had previously spent nearly $377 million during the 2024 election cycle, which ended with Trump’s victory.
Republicans currently hold narrow majorities in both the House of Representatives and the Senate, making the upcoming midterm elections particularly significant. However, Trump’s approval ratings have faced pressure in recent months due to public dissatisfaction over the U.S.-Israeli war on Iran and persistently high energy prices, factors that could influence the political landscape as the campaign season intensifies.
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