Crypto industry leads corporate political donations with $206 million in 2026 midterms

Crypto corporations have contributed $206 million to super PACs and hybrid PACs through the second quarter of 2026, making the industry the largest disclosed corporate donor sector in the current midterm cycle. According to an Aug. 27 analysis of FEC records by Public Citizen, the industry's political spending is distributed across various organizations, including the Fairshake network, which has reported $137.9 million in receipts. Fairshake has allocated $70 million to affiliated PACs, with $37 million supporting Republican candidates via Defend American Jobs and $33 million supporting or opposing candidates in Democratic contests through Protect Progress. Coinbase remains a major contributor, having donated $56.1 million to the Fairshake network.