A new report from consumer advocacy group Public Citizen reveals that cryptocurrency companies have poured $189 million into the 2026 U.S. midterm elections, surpassing spending in the previous cycle. Major firms such as Ripple, Crypto.com, Coinbase, Gemini, and Blockchain.com have contributed to Super PACs, aiming to elect candidates favorable to the digital asset industry.
The figure marks a significant escalation in crypto's political influence. In the 2024 cycle, crypto companies spent approximately $135 million, but 2026's early commitments have already exceeded that. Public Citizen warns that unlimited corporate spending through Super PACs could undermine democratic processes. Industry advocates argue the donations are necessary to secure a clear regulatory framework for crypto in the U.S.