TLDR Tech / Crypto
Crypto Companies Have Spent $189M on the 2026 US Election Cycle
Crypto companies have contributed $189 million toward the 2026 US election cycle through June 30, accounting for about 37% of all corporate contributions and already exceeding the $170 million the industry deployed across the entire 2024 cycle. Fairshake PAC, backed by Coinbase and Ripple, leads spending at $82 million, while MAGA Inc. Super PAC, backed by Crypto.com, has spent $56 million, with newer entrants Fellowship PAC (Cantor Fitzgerald) and You Can Push Back (Ripple co-founder Chris Larsen) also active in targeted races. Per Public Citizen, these PACs operate across both Democratic and Republican contests, prioritizing the business interests of their backers over party alignment. Despite the spending, a crypto-backed candidate in New York's 12th Congressional District primary lost to Micah Lasher, who had criticized Ripple founder involvement in the race.
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