FORBES · 2026-11-05 12:35 UTC

What Comes Next For Crypto After PAC Money Fell Short On Election Night

Crypto PACs spent nearly $200 million in the 2026 midterms but saw major losses, including $60 million spent unsuccessfully to defeat Sherrod Brown in Ohio and $10 million opposing Juliana Stratton in Illinois, both of whom won. Democrats won decisive control of both chambers of Congress, and crypto PACs faced criticism for spending patterns that appeared to favor Republicans and lacked clear strategic rationale. The incoming 120th Congress with Democratic control and record freshman lawmakers will reshape crypto policy committees, suggesting political spending alone does not guarantee…

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