Political action committees tied to the cryptocurrency industry have amassed nearly $180 million for the 2026 midterm elections, with Fairshake alone holding $166 million. The war chest positions crypto groups to outspend some Republican super PACs.
According to recent filings, crypto-backed PACs are mobilizing unprecedented financial resources ahead of the 2026 midterms. Fairshake, the leading crypto-focused super PAC, accounts for $166 million of the roughly $180 million total, making it a major player in electoral spending.
The scale of crypto industry spending reflects efforts to influence policy decisions on digital assets and blockchain regulation. The war chest puts these groups in competitive range with some traditional GOP super PACs, marking a significant shift in political influence dynamics.
Crypto industry donations have accelerated since the 2024 election cycle, when the sector increased spending to gain favorable regulatory treatment. The 2026 midterms represent the industry's continued push for legislative allies at federal and state levels.
The filings underscore growing crypto industry consolidation around political spending as a strategy to shape regulatory outcomes.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.