Crypto Spending on 2026 Midterms Already Exceeds Full 2024 Presidential Cycle

Cryptocurrency firms have deployed $189 million into the 2026 midterm elections as of late June, surpassing the $170 million the sector spent across the entire 2024 presidential cycle, according to Reuters. With voting still months away, final totals could climb significantly higher. The acceleration reflects the industry's compressed political ascent—from near-zero federal presence before 2022 to largest corporate donor by 2024—now applied to a lower-profile, smaller-turnout midterm cycle where marginal spending carries outsized influence.