Key facts
- Cryptocurrency firms have spent $189 million on the 2026 US elections.
- This spending positions crypto firms as the top corporate political spenders for the 2026 election cycle.
- The report was released by the consumer advocacy group Public Citizen.
- Crypto-aligned PACs like Fairshake and MAGA Inc. Super PAC are significant spenders.
- Combined PAC spending has surpassed 2024 levels.
Cryptocurrency firms have emerged as the leading corporate political spenders in the 2026 U.S. election cycle, contributing $189 million so far, according to a report by the consumer advocacy group Public Citizen. This figure represents approximately 37% of all corporate contributions for the cycle. The spending strategy follows a playbook from 2024, with entities like the Fairshake PAC, backed by Coinbase and Ripple, spending over $82 million, and the MAGA Inc. Super PAC, largely funded by Crypto.com, spending over $56 million. These super PACs aim to support or oppose candidates from either major party based on their alignment with industry interests. Combined PAC spending has already surpassed the $170 million contributed in 2024. In Colorado's 8th congressional district primary, the You Can Push Back Super PAC, backed by Ripple co-founder Chris Larsen, reportedly spent $1 million on media to support Democrat Manny Rutinel.