If History Repeats Itself, Will The Us Congress Become More...

The 2024 US election saw more money and support from the crypto and blockchain industry than ever before, with some experts predicting a repeat in the midterms.

Following the 2024 elections, in which an estimated 270 lawmakers with favorable views on digital assets won seats in the US Congress, many cryptocurrency-affiliated organizations and political action committees show no signs of slowing their progress in the next significant election, the 2026 midterms.

Likely boosted by advocacy work from organizations — such as the Coinbase-affiliated Stand With Crypto group and whose campaigns were supported by media buys from political action committees (PACs) — a majority of lawmakers in the 119th session of the US Congress took office in January having already expressed views signaling that they would support pro-crypto legislation and policies.

In the last year, some of Congress’s work supported that theory. The US House of Representatives passed three significant bills in July as part of the Republicans’ “Crypto Week” initiative.

One of these bills, the GENIUS Act stablecoin payments legislation, was signed into law by US President Donald Trump almost immediately. The other two bills, focused on digital asset market structure and anti-Central Bank Digital Currency (CBDC) policies, await consideration in the Senate as of December.

Related: Poll shows crypto-focused candidates could sway voters in US midterms

Amid consideration of these bills, PACs like Fairshake, one of the significant crypto-backed spenders in the 2024 elections, continued to support candidates in 2025 races.

Media buys by the PAC and its affiliates included $1 million for Democratic candidate James Walkinshaw in a special election for Virginia’s 11th congressional district seat and $1.5 million for two Republican candidates in two special elections for Florida congressional seats.

“We are keeping our foot on the gas,” Fairshake spokesperson Josh Vlasto told Cointelegraph in January. “With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation and opposing those who play politics and stand in the way with the voters’ support for crypto.”

In November 2026, votes will determine which candidates will fill all 435 seats in the House, as well as 33 seats in the Senate. Republicans have held a majority in Congress since January, essentially allowing them to enact their agen

Source: CoinTelegraph