Foreign media: Cryptocurrency industry with strong funding actively involved in the U.S. midterm elections

GateNews

BlockBeats News, February 16 — According to The Hill, after achieving several key victories and accumulating substantial funds in 2024, the cryptocurrency industry is increasing its spending in preparation for the upcoming U.S. midterm elections.

The industry’s main super PAC network, Fairshake, had over $193 million in cash on hand in early 2026 and announced several targets for this election cycle: including supporting Congressman Barry Moore (Republican-Alabama) in the Alabama Senate race, and pushing for the removal of Congressman Al Green (Democrat-Texas) in the House elections.

Following heavy investment in the last U.S. election and claiming victories in at least two high-profile races, this has secured some early wins for the industry in Congress and significantly elevated the crypto sector’s status in Washington.

The impact of the crypto industry in 2024 was most notable, as it投入数千万美元,介入多场初选和激烈的选举。根据2024年竞选财务申报文件,包含三个附属团体的Fairshake超级PAC网络在上个周期总计花费接近1.8亿美元。

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