Crypto firms spent $189M on 2026 US elections, report says
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IN SHORT
Cryptocurrency firms have spent $189 million influencing U.S. elections, making them the top corporate political spender, according to a Public Citizen report. Meanwhile, JPMorgan supports U.S. digital asset legislation but cautions about oversight risks ahead of a Senate deadline. The SEC is seeking public input on regulating prediction market ETFs, delaying decisions on several funds. In Colorado, tech executives are funding a congressional primary candidate, highlighting divisions over AI regulation.
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Key Numbers
$189Mcrypto industry spending on 2026 U.S. elections
2026U.S. election year for crypto spending
Who's Involved
Public Citizen
organization that released a report on crypto political spending
JPMorgan
bank supporting U.S. digital asset legislation
SEC
U.S. regulator seeking input on prediction market ETFs
Colorado congressional district Democratic primary candidate
Key facts
Cryptocurrency firms spent $189 million to influence U.S. elections.
The crypto industry is the top corporate political spender.
JPMorgan supports U.S. digital asset legislation.
JPMorgan warned of shadow-banking risks and financial instability from insufficient oversight.
The Senate has an August deadline to consider the digital asset bill.
The SEC is seeking public input on regulating prediction market ETFs.
The SEC has delayed approving dozens of prediction market ETFs.
Tech executives Eric Schmidt and Chris Larsen are backing Colorado congressional candidate Manny Rutinel.
Tech donations highlight divisions over AI regulation.
Cryptocurrency companies have invested $189 million to influence the 2026 U.S. elections, positioning the industry as the leading corporate political spender, according to a Public Citizen report. This figure surpasses their contributions from the previous election cycle.
In parallel, JPMorgan has voiced support for U.S. digital asset legislation, emphasizing the need for robust safeguards. The bank cautioned that inadequate oversight could foster shadow-banking risks and financial instability, as the Senate is set to consider the bill before an August deadline.
Separately, the U.S. Securities and Exchange Commission (SEC) is requesting public comments on the regulation of new exchange-traded funds (ETFs) backed by prediction markets. This move comes after the SEC delayed decisions on numerous such funds that are tied to real-world event outcomes.
In Colorado, tech executives, including Eric Schmidt and Chris Larsen, have contributed millions to support candidate Manny Rutinel in the eighth congressional district's Democratic primary. This substantial financial backing underscores a growing divergence among tech donors concerning the regulation of artificial intelligence (AI).
↳ Why This Matters
Cryptocurrency companies have invested $189 million to influence the 2026 U.S. elections, positioning the industry as the leading corporate political spender, according to a Public Citizen report. This figure surpasses their contributions from the previous election cycle.
Frequently asked questions
Crypto firms have spent $189 million on the 2026 US elections.
This spending makes crypto firms the top corporate political spenders for the 2026 election cycle.
The information was reported by Public Citizen.
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