Cryptocurrency Political Groups Amass $180 Million for Midterm Elections” — refers to a major shift in political influence coming from the crypto industry
#crypcurrency political
.. According to Bloomberg, cryptocurrency industry political action committees hold a combined war chest of nearly $180 million heading into the 2026 US midterm elections, surpassing the cash reserves of several prominent Republican congressional super PACs. Fairshake accounts for roughly $166 million of that total. A new group, Fellowship PAC, tied to stablecoin issuer Tether and backed by a $10 million contribution from Cantor Fitzgerald, has raised $11 million since January and has so far backed only Republicans. Crypto-affiliated PACs have already spent more than $20 million in 2026 primaries, though the industry suffered its first major electoral defeat since 2024 when Illinois Lieutenant Governor Juliana Stratton won despite close to $10 million in opposition spending.