Crypto Industry Spends $189 Million on 2026 US Midterms, Tops Corporate Political Giving

Crypto companies have spent $189 million on political donations ahead of the 2026 US midterm elections.

Walter Bloomberg reported on June 30 that the crypto industry has directed $189 million to this year’s US midterms. That surpasses spending in the 2024 election cycle and makes crypto the largest source of corporate political funding in the US.

A report from consumer advocacy group Public Citizen found that the crypto industry accounted for more than one-third of all corporate political spending tied to this year’s November midterms and primary elections.

The industry also emerged as a major political donor in the 2024 election cycle, when it contributed $170 million. Many congressional candidates backed by the sector won their races, expanding its influence over debates on crypto regulation.

This year’s spending appears aimed at advancing new crypto legislation. Following the enactment of stablecoin regulation, the industry is pushing additional bills addressing digital-asset market structure.

Walter Bloomberg also reported that political spending is rising sharply in artificial intelligence, large technology companies and online gambling. Combined election-related spending by those sectors and the crypto industry has reached $294 million.

The increase in crypto political spending coincides with shifts in the US regulatory environment. With key issues including stablecoins, exchange oversight and market-structure legislation up for debate, the industry is backing pro-crypto candidates and political committees to build legislative influence.