Crypto Spends 176 Million on Midterms

The cryptocurrency industry has invested 176 million dollars into midterm races. Major digital asset firms aim to secure bipartisan congressional support to shape future regulations.

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FILE PHOTO: U.S. President Donald Trump delivers remarks at the White House Crypto Summit at the White House in Washington, D.C., U.S.,  March 7, 2025. REUTERS/Evelyn Hockstein

The cryptocurrency industry has spent $176 million across more than 100 midterm races in the United States, aiming to build a bipartisan congressional coalition before Donald Trump leaves office. The $2.75 trillion sector is aggressively funding friendly candidates while targeting political opponents. The strategy mirrors traditional corporate lobbying as the industry prepares for a post-Trump regulatory environment.

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