Federal Reserve (FED) · U.S. · Cointelegraph
Crypto PAC spending before midterms possibly obscured after logged FEC hack
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The FEC reported an “electronic filing system outage” on Tuesday as groups are expected to ramp up spending before the US midterm elections.
Key facts
- Before the FEC outage, Fairshake reported spending $56 million on media to oppose Brown and support Husted, while the Digital Freedom Fund disclosed more than $7 million in expenditures for the same
- In 2024, Fairshake spent about $41 million opposing Senator Sherrod Brown’s reelection bid against Republican Bernie Moreno
- Digital Freedom Fund, a PAC launched by Gemini co-founders Cameron and Tyler Winklevoss, reported on Sunday that it had spent more than $572,000 on text messages to support various Republican Senate
- Super PACs are required to report certain spending to the FEC within 24 hours of the funds being used, provided the expenditures total $1,000 or more
Summary
The US Federal Election Commission (FEC) filing system is offline after reports of a hack, potentially obscuring expenditures by super political action committees (PACs) and other groups in the final days before the 2026 midterm elections. As of Tuesday at 7:48 pm UTC, the FEC said it was continuing to experience an “electronic filing system outage,” but was working to resolve the issue. For example, with six days until Election Day, FEC filings showed no expenditures from the cryptocurrency industry-aligned Super PACs Fairshake, Defend American Jobs, Protect Progress, Fellowship and Digital Freedom Fund since Sunday. Super PACs are required to report certain spending to the FEC within 24 hours of the funds being used, provided the expenditures total $1,000 or more.