FX.co ★ Crypto firms become largest corporate sponsors of US elections

Cryptocurrency companies have allocated a record $189 million for the 2026 US midterm elections. According to a report by Public Citizen, this amount has already surpassed the $170 million spent over the entire 2024 election cycle. The crypto industry now accounts for more than one-third of all corporate political spending related to the current congressional and primary campaigns, making the sector the undisputed leader in funding among all US business sectors. Experts note that this activity increased after the success of 2024, when a majority of industry-backed candidates won office.

Large capital injections have already brought important political dividends to the crypto industry. Last year, Congress approved a bill that laid down the first federal regulatory framework for stablecoins — digital assets pegged to the US dollar. Lobbyists in the sector are now stepping up pressure on lawmakers to pass the Clarity Act, which is intended to establish broad rules for the entire market. Supporters say the bill will provide companies with long‑awaited legal certainty and address key regulatory issues faced by digital asset developers.

Alongside the crypto sector, spending is also increasing among companies in artificial intelligence and online gambling. Together, these tech industries have contributed roughly $294 million to the 2026 elections. The report’s authors say the role of corporate money in American politics is rapidly growing. The main sponsors of relevant political action committees (PACs) include Andreessen Horowitz, Ripple Labs, Coinbase, and Foris DAX, while the leading industry super-PAC Fairshake has already raised $82 million.