Crypto industry becomes top U.S. corporate political donor with $189 million for 2026 midterms

Crypto companies have become the largest corporate political spenders in the United States, putting $189 million into the 2026 midterm elections so far, according to a June 30 report by Public Citizen based on Federal Election Commission data. The sector accounts for 37% of the $517 million in reported corporate spending for the cycle to date, already above the previous full-cycle record of $461 million in 2024. The report says the industry helped pioneer sector-focused super PACs, with Fairshake receiving $82.6 million in corporate money, including $33 million from Coinbase and $48.5 million from Ripple Labs, while other crypto firms also sent money to MAGA Inc. Public Citizen said undisclosed and non-federal spending could push the overall total higher.