Crypto companies have contributed $189 million so far to influence the 2026 U.S. midterm elections, accounting for 37% of the $517 million disclosed in corporate political spending this cycle, according to Public Citizen.
The report, published Tuesday by the advocacy organization, identified Ripple, Crypto.com and Coinbase as the crypto sector's largest contributors. Ripple spent $49.6 million during the cycle, followed by Crypto.com at $38.6 million, and Coinbase at $35.2 million.
Entities associated with Gemini and its founders Tyler and Cameron Winklevoss added another $25.7 million, bringing spending by those four crypto groups to roughly $149 million, according to the report, which analyzed Federal Election Commission disclosures and OpenSecrets data.
The report also suggested that the biggest beneficiaries of crypto's corporate spending are Fairshake, a sector-focused super PAC, and MAGA Inc., the Trump-backing super PAC. Fairshake received $82.6 million in crypto-related contributions, while MAGA Inc. received $56.2 million.
Cantor Fitzgerald-backed Fellowship PAC also accounted for another crypto-focused political vehicle, receiving $10 million from the Wall Street firm, which serves as Tether's banking partner.
