Crypto firms put $206 million behind the midterms: here’s who their political machine is backing
Crypto companies gave $206 million to super PACs and hybrid PACs through Q2 2026, making the sector the largest disclosed corporate donor group in the midterm cycle. Fairshake reported $137.9 million in receipts, $93.9 million in disbursements and $108.3 million in cash, while funding Republican- and Democratic-facing affiliates. Its network recorded about $70–71 million in independent expenditures across 54 races, with spending favoring Republicans and opposing some Democrats. Other crypto-linked groups report markedly different activity, including the Digital Freedom Fund, which raised $22.4 million but recorded no independent expenditures. Fairshake later pledged $30 million to oppose Ohio Democrat Sherrod Brown after the CLARITY Act failed to advance. How much of the industry’s substantial fundraising will reach campaign ads before the election remains uncertain.
