Crypto Industry's 2026 Spending Already Exceeds Entire 2024 Election Cycle

Cryptocurrency firms have spent $189 million on the 2026 midterm elections as of late June, outpacing the $170 million the sector deployed across all of 2024, according to Reuters. With voting months away, totals will likely climb higher. The shift reflects crypto's rapid ascent from political outsider before 2022 to major donor by 2024—now targeting a midterm cycle where fewer voters turn out and marginal spending has greater impact.