CNA · 2026-10-27 10:08 UTC

Crypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era

The crypto industry spent $176 million across over 100 midterm races this election cycle, with Fairshake's super PAC leading the effort. The industry is building a long-term bipartisan coalition in Congress to advance crypto interests beyond Trump's presidency, targeting friendly candidates and attacking perceived enemies like Sherrod Brown. Major crypto firms including Coinbase, Ripple, and Andreessen Horowitz are using political spending as a strategy to forge relationships with elected officials and buffer against future regulation.

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