NEWSMAX · 2026-11-02 03:16 UTC

Crypto Industry Spends $200 Million on Midterms

Cryptocurrency industry spending over $200 million on midterm congressional races through crypto-backed super PACs like Fairshake to elect crypto-friendly lawmakers. Coinbase contributed $25 million to Fairshake for 2026 midterms; the industry is supporting 33 House candidates across both parties, including those on financial services committees. Crypto industry aims to advance digital asset regulation and modernize U.S. financial system; bipartisan Clarity Act stalled in Senate over ethics concerns.

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