Crypto Firms Give $189M to 2026 U.S. Elections
Crypto companies have given $189 million to the 2026 U.S. election cycle, about 37% of corporate donations. Fairshake has spent $82M and MAGA Inc. over $56M.
Public Citizen reported on Tuesday that cryptocurrency companies have contributed $189 million to the 2026 U.S. election cycle so far, equal to roughly 37% of corporate contributions, with more than four months left until the November election.
The report attributes the largest spending to the crypto-aligned PAC Fairshake, which has deployed more than $82 million. It also shows the MAGA Inc. super PAC, largely financed by Crypto.com, has spent over $56 million.
Fairshake and related groups Defend American Jobs and Protect Progress, supported by Coinbase and Ripple, reported a combined war chest of about $193 million as of January. Other entities that back industry interests have formed since 2024, including the Fellowship PAC backed by Cantor Fitzgerald.
Public Citizen said much of the spending flows through super PACs and affiliated committees set up or funded by major industry firms. The report stated: “These super PACs prioritize the interests of their business backers over either major political party or any candidate.”
The watchdog calculated that crypto-linked contributions already exceed the roughly $170 million the industry gave in 2024 to support candidates it viewed as pro-crypto.
The report highlights state-level activity. In Colorado’s primaries, the You Can Push Back super PAC, backed by Ripple co-founder Chris Larsen, spent about $1 million on media to support Democrat Manny Rutinel in the 8th congressional district primary. The committee previously spent $3.3 million supporting Democrat Alex Bores in New York’s 12th district; Bores lost his primary to Micah Lasher, who had criticized Larsen’s involvement.
Public Citizen noted that multiple new PACs create a political network that allows companies to coordinate spending across different vehicles while avoiding direct contributions to candidate campaigns. The groups can focus on both primary contests and competitive general-election races.
Fairshake did not respond to requests for comment. Other industry-aligned committees and spokespeople were not quoted in the report.
The report was published while lawmakers and regulators continue to debate cryptocurrency policy in Washington.
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