Report: Crypto industry has spent $189 million so far in the 2026 U.S. election cycle

CoinFeed July 1 news, according to Cointelegraph, the U.S. consumer advocacy group Public Citizen released a report on Tuesday stating that the crypto industry has contributed $189 million in political donations in the 2026 U.S. election cycle, accounting for about 37% of all corporate political donations, with four months still to go until the November election. Among them, the crypto industry political action committee Fairshake has spent over $82 million, and the MAGA Inc. Super PAC supported by Crypto.com has spent over $56 million. Fairshake and its affiliates are backed by crypto companies such as Coinbase and Ripple, and as of January, the funds raised reportedly reached $193 million.