Cryptocurrency companies have spent $189 million to influence the 2026 U.S. midterm elections, according to a Public Citizen report released on June 30, 2026. This spending positioned the crypto industry as the top corporate political spender in the 2026 election cycle. More than one-third of all corporate money contributed to the November 2026 elections and preceding primary elections came from the crypto industry.

Spending by the crypto industry for the 2026 cycle exceeded its contributions in the previous election cycle. In the 2024 election cycle, the crypto industry contributed $170 million and was also the top corporate donor. Andreessen Horowitz, Ripple Labs, Foris DAX, and Coinbase were the top four contributors to political action committees focused on advancing corporate policies. Foris DAX is affiliated with Crypto.com, while Andreessen Horowitz is a venture capital firm that invests in crypto.

Fairshake, a super PAC dedicated to supporting pro-crypto candidates, has received $82 million in donations during the 2026 election cycle. The combined spending for the 2026 elections from the crypto, artificial intelligence, big tech, and online betting sectors totals $294 million.

The full House of Representatives and roughly one-third of the Senate are up for reelection in November 2026. The White House has pushed for the Clarity Act, legislation that would create regulations for cryptocurrencies. The act has stalled in the Senate. Many Democrats oppose the Clarity Act out of concern that it does not do enough to prevent politicians from profiting off crypto ventures. Congress passed a law in 2025 creating a federal framework for stablecoins, which received bipartisan support in the House and the Senate. President Donald Trump prioritized crypto reform during his second administration.

"The big takeaway is that corporate money is playing a bigger role than ever in our elections, and it's only expanding," said Rick Claypool, research director at Public Citizen.