Foreign Media: Cryptocurrency Industry Actively Involved in US Midterm Elections with Strong Financial Backing

February 16th — The cryptocurrency industry is ramping up spending to prep for the upcoming U.S. midterm elections, following key 2024 wins and a massive cash haul, per The Hill. Fairshake, the crypto industry’s main super PAC network, had more than $193 million in cash on hand early in 2026. It’s already laid out key targets this cycle: backing Rep. Barry Moore (R-Ala.) in his Alabama Senate bid and working to oust Rep. Al Green (D-Texas) in his House race. The industry poured heavily into the last U.S. election, claiming wins in at least two high-profile races — moves that have delivered early wins in Congress and boosted crypto’s clout in Washington. Crypto’s 2024 impact was most notable: it dropped tens of millions of dollars to intervene in multiple primaries and hotly contested races. 2024 campaign finance filings show Fairshake’s super PAC network — which includes three affiliated groups — spent nearly $180 million in the last cycle.