Crypto Blitzes Midterms with $176 Million to Support Allies as It Prepares for Post-Trump Era
The spending aims to secure bipartisan allies for long-term crypto regulation as the industry pushes the Clarity Act and other priorities.
- On Tuesday, Reuters reported the crypto industry spent roughly $176 million across more than 100 midterm races, building a bipartisan coalition of allies in Congress to advance its regulatory agenda long after President Donald Trump leaves office.
- Colin McLaren, head of government relations at the Solana Policy Institute, called the spending "an investment in the future" designed to "ensure that over the next 100 years, the crypto industry has clear rules of the road." The $4.9 million contribution reflects long-term strategy.
- Fairshake, the industry's largest super PAC, directed over $68 million toward the Ohio Senate race. State Representative La Shawn Ford criticized the group's "personal and hurtful" ads regarding a dropped federal indictment from years ago.
- The Clarity Act stalled in the Senate after Democrats blocked it, prompting Fairshake to focus its Senate spending exclusively on Republican candidates. This partisan shift reflects industry frustration with legislative opposition.
- These efforts aim to secure legislative gains persisting after President Donald Trump leaves office in 2029, as JPMorgan analysts warn agency-level regulations adopted during his term could be reversed by subsequent administrations without statutory protection.
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Crypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era
The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, as part of a years-long plan to build a bipartisan coalition of allies in Congress that can advance its interests long after US President Donald Trump leaves office.
Why Is the Crypto Industry Spending $176 Million to Shape the US Midterm Elections?
The cryptocurrency industry is spending approximately $176 million to influence more than 100 US midterm election races, seeking to build a bipartisan network of lawmakers who can advance its regulatory priorities beyond President Donald Trump’s time in office. The campaign reflects a longer-term strategy by crypto companies and wealthy investors to influence Congress, support candidates […]
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The Star Kuala LumpurCrypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era
NEW YORK, Oct 27 : The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, as part of a years-long plan to build a bipartisan coalition of allies in Congress that can advance its interests long after US President Donald Trump leaves office. The $2.75 trillio
Crypto Midterm Spending Hits $176M Across 100+ US Races
Cryptocurrency companies and affiliated political groups have spent approximately $176 million across more than 100 U.S. congressional races ahead of the November 3 midterm elections, seeking to build a coalition of lawmakers capable of advancing the industry's regulatory priorities beyond President Donald Trump's administration. Fairshake, the sector's largest super political action committee (PAC), and its affiliates accounted for approximatel…
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