The crypto industry just became the biggest corporate spender in American politics. And it’s not particularly close.
According to a report released by Public Citizen on June 30, cryptocurrency firms have poured $189 million into influencing the 2026 US midterm elections. That figure eclipses the $170 million the sector spent during the 2024 cycle, which was itself considered a watershed moment for crypto’s political ambitions.
The industry now represents more than one-third of all corporate political contributions tracked for the current election cycle.
Fairshake leads the charge
The centerpiece of this spending blitz is Fairshake, the super PAC that has essentially become crypto’s political war machine. The organization has pulled in $82 million in donations this cycle, bankrolled by a roster of the industry’s heaviest hitters.
