Crypto Industry Spending on 2026 Midterms Already Surpasses Full 2024 Election

Cryptocurrency companies have spent $189 million on the 2026 midterm elections so far, exceeding the $170 million the sector spent on the entire 2024 presidential race. With months to go, totals could rise further. The jump reflects how quickly the crypto industry has moved from having almost no political presence before 2022 to becoming a major donor. In midterms—which draw fewer voters—even extra spending has outsized impact.