Crypto Industry Spends $189M on 2026 US Midterm Elections, Total Lobbying Nears $300M

Crypto Political Spending Hits Record

According to a new report by Public Citizen, the crypto industry, big tech, and gambling interest groups have spent nearly $300 million on the 2026 US midterm elections so far. Crypto companies alone account for $189 million, representing over 60% of the total. These funds are primarily directed at primary and general election candidates, underscoring the industry's aggressive push to shape regulatory policies. The report notes that this figure has already surpassed the same period in the previous election cycle, driven by the rise of crypto-focused Political Action Committee (PACs).