Overview
- A Public Citizen analysis published Tuesday, June 30 found cryptocurrency companies have spent $189 million so far in the 2026 midterm cycle, making the sector the single largest source of corporate election money.
- Crypto contributions represent about 37% of the $517 million in disclosed corporate political spending this cycle, driven largely through super PACs that make unlimited independent expenditures.
- Fairshake is the principal vehicle for the industry’s effort, receiving roughly $82 million this cycle and deploying large sums in primaries and House and Senate races.
- A small set of deep-pocketed firms including Andreessen Horowitz, Ripple, Crypto.com/Foris DAX and Coinbase account for a large share of the funding aimed at locking in laws such as the stalled CLARITY Act.
- Advocates warn the disclosed figures understate total influence because non-federal committees and dark‑money channels are not fully captured, raising concerns about transparency and the effect on voters and policy outcomes.