US Congress · Donald Trump · U.S. · Bitcoin Magazine
Crypto Midterm Election Spending Reaches $176 Million as Industry Creates for the Next Congress
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The crypto industry has spent about $176 million on more than 100 midterm races to build a bipartisan bloc in Congress that can protect its interests after Trump leaves office.
Key facts
- Through October 20, Fairshake and its affiliate PACs had spent about $150.8 million this year, while other crypto groups spent around $25 million
- Fairshake helped defeat Sherrod Brown, who chaired the Senate Banking Committee, in 2024, and the industry has since spent more than $68 million on his rematch against Republican Jon Husted
- A September survey seen by Bitcoin Magazine of 1,545 U.S. adults by Ipsos for the DeFi Education Fund found that 22% have owned or used crypto, up from 18% in 2025
- Then, under the Biden administration, the Securities and Exchange Commission levied more than $6 billion in penalties across 98 cases, according to a Georgetown University Law study
Summary
The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending. Fairshake, the industry’s largest super PAC, leads the effort. Super PACs can raise and spend unlimited sums but cannot coordinate with campaigns. The watchdog group Public Citizen said crypto was the largest corporate spender in federal races in 2026.