Crypto: Crypto Pacs Secure Massive War Chests Ahead Of Us Midterms 2026

Crypto super PACs are getting millions of dollars in contributions to spend supporting candidates who will advance their policies in Washington.

Political action committees (PACs) representing the interests of the crypto industry have already secured millions of dollars in funding as the US heads toward its midterm elections.

Super PACs are the uber-rich, no-limits, non-disclosure counterparts to crypto PACs. Last year, the industry spent at least $245 million in campaign contributions alone.

The main super PAC funded by the cryptocurrency industry, Fairshake, raised some $133 million in 2025, bringing its total cash on hand up to over $190 million. Venture capital firm a16z contributed an initial $24 million, while Coinbase and Ripple each donated $25 million.

This influx of cash has alarmed activist and election reform groups. Saurav Ghosh, director of the Campaign Legal Center — a legal center concentrated on voting rights, fair districting and campaign finance reform — told Cointelegraph:

The US crypto industry’s main goal is to pass a large framework law, the CLARITY Act, which passed in the House of Representatives this summer and moved on to the Senate. The bill still hasn’t managed to satisfy the crypto industry, particularly Coinbase, nor the ethics and oversight concerns of Senate Democrats.

Now, the CLARITY Act is in limbo, and Congress is shifting its attention to the 2026 midterm elections. For nearly 80 years, the president’s party has almost always lost the midterms, the federal elections in the off-year between presidential elections. This is particularly important for the crypto industry, which enjoys more full-throated support among the Republican Party. Take, for example, the roll call for the Senate’s vote on the GENIUS Act: Nearly twice as many Democrats voted against the motion compared to those in support of it.

Some in the crypto space have taken this to mean they need to take a partisan stance. Cameron and Tyler Winklevoss, founders of the crypto exchange Gemini, have poured millions into the conservative PAC Digital Freedom Fund, which aims to boost pro-crypto and pro-Trump candidates.

Others have stressed the need for bipartisan support, warning that backing one party is bound to backfire once the other eventually takes power.

Representative Sam Liccardo, a crypto-friendly Democrat, told Politico in October 2025, “I don’t think anybody in this town would recommend that an industry put their eggs in one party’s basket.”

Source: CoinTelegraph