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Cryptocurrency-related political spending is ramping up ahead of the 2026 midterm elections, as industry groups seek to build on the momentum they reported from the 2024 federal races.
Fairshake, a super PAC focused on cryptocurrency policy, said last month that it raised $191 million for the 2026 midterm elections. According to Federal Election Commission filings cited in the article, Fairshake brought in $132.83 million in 2025. When combined with unused funds from the 2024 cycle, the group’s total war chest now exceeds $190 million.
Another super PAC, the Bitcoin Freedom PAC, entered 2026 with $78,667 in cash on hand.
The article points to the crypto market structure bill—described as aimed at splitting regulatory oversight—as a key issue that remains stalled in the Senate. It attributes the delay to discord among top PAC backers.
With large fundraising totals already in place for 2026, the groups’ ability to influence the legislative process may depend on whether disagreements among major backers can be resolved as the Senate continues to consider the stalled bill.
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