Crypto industry wades into midterms with hefty war chest
The cryptocurrency industry is ramping up its spending ahead of the midterm elections after accumulating a massive war chest in the wake of several key wins in 2024.
The industry’s leading super PAC network, Fairshake, had more than $193 million in cash on hand at the start of 2026 and has already announced several of its targets this cycle — boosting Rep. Barry Moore (R-Ala.) in the Alabama Senate race and ousting Rep. Al Green (D-Texas) from the House.
After spending heavily in the last election — and claiming victories in at least two high-profile races, paving the way for some early wins for the industry in Congress — the crypto world has found itself in a newly elevated position in Washington.
“It’s going to be similar to the previous cycle where they will kind of flex their muscles to show the political power of the crypto industry,” said Leonard Kostovetsky, an associate professor of finance at Baruch College, who’s been more vocally skeptical of crypto use.
https://thehill.com/policy/technology/5738308-crypto-industry-midterms-war-chest/