Crypto Industry Pours $189 Million Into 2026 US Midterm Elections

Crypto companies have contributed $189 million to the 2026 US midterm election cycle, representing 37% of the $517 million in total corporate political spending disclosed so far, according to a Public Citizen analysis of Federal Election Commission data. Ripple leads all crypto donors at $49.6 million, followed by Crypto.com at $38.6 million and Coinbase at $35.2 million. Entities tied to Gemini and the Winklevoss twins added another $25.7 million, bringing those four groups alone to roughly $149 million combined.

Fairshake and MAGA Inc. Are Biggest Beneficiaries

Most crypto political money has flowed to two main vehicles. Fairshake, a crypto-focused super PAC, received $82.6 million in crypto-related contributions, while MAGA Inc. collected $56.2 million. Cantor Fitzgerald-backed Fellowship PAC received an additional $10 million from the Wall Street firm that serves as Tether’s banking partner.

Crypto Outspends AI and Big Tech Combined

Artificial intelligence and Big Tech companies contributed $60 million this cycle, while online betting firms added $45.6 million. Crypto, AI, Big Tech and online betting together account for $294 million, or 57% of total corporate midterm spending. Public Citizen warned the true total is likely higher than what FEC filings currently show.