Trump PAC Filing Reveals Pay-for-Access Scheme

Source: Daily Beast

Updated Aug. 2 2025 8:28PM EDT
Published Aug. 2 2025 1:09PM EDT


A new financial disclosure from a super PAC backing President Donald Trump reveals the wealthy donors who are paying massive sums in exchange for access to the president.

The donor list for MAGA Inc. features cryptocurrency heavyweights, Trump administration appointees, and a mother who landed a Trump pardon for her son, The New York Times reported. In total, MAGA Inc. raised an eye-popping $177 million over the first six months of 2025.

One of the donors responsible for that figure is Eric Schiermeyer, a cryptocurrency entrepreneur who contributed $1 million in exchange for the opportunity to dine with the president at Mar-a-Lago in March.

Schiermayer pitched the president his idea for a cryptocurrency called “USA Token” that would be distributed to every American, the Times reported. He was seeking a government contract for his company to carry out the endeavor. While there’s no indication that the administration will embrace “USA Token,” Schiermayer told the Times, “I was able to say my piece, and the idea is clearly making the rounds, so mission accomplished from my view.”

Read more: https://www.thedailybeast.com/trump-pac-filing-reveals-pay-for-access-scheme/