Key facts
- Cryptocurrency firms have spent $189 million on the 2026 U.S. elections.
- The crypto industry is the top corporate political spender, according to Public Citizen.
- Combined with AI, big tech, and online betting, spending totals $294 million.
- Andreessen Horowitz, Ripple Labs, Foris DAX, and Coinbase are top contributors to pro-crypto PACs.
- Fairshake super PAC received $82 million in donations.
- A law establishing a federal framework for stablecoins was passed in the prior election cycle.
Cryptocurrency firms have spent $189 million to influence the 2026 U.S. elections, a significant increase from previous cycles, according to a report by Public Citizen. This spending positions the crypto industry as the top corporate political donor, with over one-third of all corporate money contributed to the current election cycle coming from the sector. Combined with contributions from the AI, big tech, and online betting industries, the total spending reaches $294 million.
The report identified Andreessen Horowitz, Ripple Labs, Foris DAX, and Coinbase as the leading contributors to political action committees focused on advancing crypto-friendly policies. The super PAC Fairshake, dedicated to supporting pro-crypto candidates, has received $82 million this cycle.
This heavy investment follows policy successes in the previous election cycle, including the passage of a law establishing a federal framework for stablecoins. The industry is now advocating for the Clarity Act, which aims to create cryptocurrency regulations. However, the bill has stalled in the Senate, and its passage before the elections is uncertain. President Donald Trump has expressed support for crypto reform and prioritized it during his administration.