CNBC · 2026-10-31 13:04 UTC

Crypto industry pours more than $200 million into 2026 midterms to pressure Congress on favorable rules

Crypto industry groups have contributed over $200 million to 2026 midterm races, with Fairshake super PAC backing 33 House candidates across both parties. Coinbase donated $25 million to Fairshake's midterm efforts in 2025, continuing its role as a major crypto political donor after contributing $79 million in 2024. The industry faces headwinds including stalled bipartisan crypto legislation in the Senate over ethics concerns and voter focus on economic affordability rather than financial modernization.

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