Crypto’s heavy backing of Republicans alienated Democrats: Cuomo
Summary
Andrew Cuomo said crypto groups’ heavier spending for Republicans risks alienating Democrats whose votes are needed to pass the CLARITY Act. Crypto PACs have spent $54.3 million supporting Republicans and $26.2 million supporting Democrats in the 2026 cycle, while spending $23.2 million opposing Democrats. Cuomo argued the industry should build bipartisan support, saying Democrats are not inherently anti-crypto. The bill has received support from lawmakers in both parties, though Democrats have raised concerns, including about conflicts of interest tied to Trump’s crypto businesses. Fairshake says it will back 32 House candidates for the midterms, including 19 Republicans and 13 Democrats.
