Cryptocurrency corporations have spent $189 million on the 2026 US midterm elections, roughly 37% of all reported corporate election spending, according to a Public Citizen report.

The figure keeps crypto ahead of every other industry in funding federal races this cycle. It reflects a strategy the sector introduced in 2024 that other industries now imitate.

Crypto Leads The Corporate Spending Surge in 2026 Elections

Total corporate spending on the 2026 midterms reached $517 million, according to the watchdog group. That marks a 12% rise over the $461 million corporations spent across the entire 2024 cycle.

“In the 2026 midterm elections, corporate money is poised to play a bigger role than ever before in influencing how Americans vote,” the report read.

Crypto’s $189 million exceeded the combined totals from artificial intelligence and Big Tech firms at $60 million and online betting companies at $45.6 million. Together, these sectors contributed $294 million, or 57% of all corporate spending so far.

The report frames the trend as a copycat effect. Crypto firms pioneered the model of routing large sums into sector-focused super PACs during the last presidential cycle. AI and gambling companies have since built their own versions.

Where the Crypto Money Went

Fairshake, the crypto-aligned super PAC, received $82 million in corporate contributions. That sum represents 60% of its total 2026 receipts of $135 million.

The Trump-backing MAGA Inc. super PAC drew a separate $56.2 million from crypto donors. Ripple Labs and Coinbase steered $81.5 million toward Fairshake, while Crypto.com, Gemini, and Blockchain.com directed funds to MAGA Inc.

Crypto.com operator Foris Dax alone gave $35 million to MAGA Inc., making it the largest single corporate backer of that committee across all industries. The Winklevoss twins funded a separate Republican-only vehicle, the Digital Freedom Fund, with $21.3 million.

Public Citizen notes that its total likely undercounts real spending, since dark-money groups and state-level contributions escape federal disclosure rules.

Voter Interest Tells a Different Story

The spending contrasts sharply with public sentiment. A Politico poll conducted with Public First found only 4% of Americans weigh a candidate’s crypto position when voting. Just 18% want Congress to prioritize crypto rules.

Another survey found that 41% of respondents said special interest groups hold too much political influence. Whether that skepticism converts into ballot-box pressure against heavily funded candidates remains an open question for November.

Source: BeInCrypto