The cryptocurrency industry is actively involved in the U.S. midterm elections with substantial funding

According to The Hill, the cryptocurrency industry is ramping up its spending in preparation for the upcoming U.S. midterm elections after achieving several key victories and accumulating significant funds in 2024.

The industry's main super PAC network, Fairshake, has over $193 million in cash on hand as of early 2026 and has announced several targets for this election cycle: including supporting Congressman Barry Moore (Republican-Alabama) in the Alabama Senate race, and pushing to oust Congressman Al Green (Democrat-Texas) in the House elections. After making substantial investments in the last U.S. elections and claiming victories in at least two high-profile campaigns, this has secured some early wins for the industry in Congress and significantly elevated the cryptocurrency sector's standing in Washington.

The impact of the cryptocurrency industry in 2024 was most pronounced, as it invested tens of millions of dollars in multiple primaries and competitive elections. According to 2024 campaign finance filings, the Fairshake super PAC network, which includes three affiliated groups, spent nearly $180 million in the last cycle.