Funding
Crypto Industry Spends $176M on Congressional Allies
Crypto companies have spent approximately $176 million across more than 100 U.S. midterm races to secure congressional allies who can protect industry interests beyond President Donald Trump’s term. The spending reflects efforts to build congressional support for crypto legislation. Fairshake and its affiliated political action committees have contributed about $150.8 million through October 20, while other crypto groups have contributed roughly $25 million. The industry is backing candidates viewed as supportive of crypto while opposing lawmakers considered obstacles to its policy goals.