The crypto industry has already poured $189 million into the 2026 US midterm elections, blowing past the roughly $170 million it spent across the entire 2024 cycle. And the midterms are still months away.
A report from Public Citizen, released June 30, puts the scale of crypto’s political ambitions in stark terms. The sector now represents 37% of the $517 million in total reported corporate political contributions tracked so far this cycle. That makes crypto the single largest corporate contributor category in American politics right now.
Who’s writing the biggest checks
Four firms account for the lion’s share of the spending. Andreessen Horowitz, the Silicon Valley venture capital giant that has become crypto’s most aggressive political patron, leads the pack at $51.65 million.
Ripple Labs is close behind at $49.6 million, a figure that reflects the company’s longstanding strategy of courting Washington after years of regulatory warfare with the SEC.
