--- title: "Why Crypto PACs Are Spending Over $200 Million on the 2026 Midterms?" type: "News" locale: "en" url: "https://longbridge.com/en/news/303958333.md" description: "Crypto PACs are spending over $206 million in the 2026 U.S. midterm elections to support industry-friendly candidates and revive stalled digital asset legislation, following a successful 2024 cycle. Key targets include the Ohio Senate race against critic Sherrod Brown. While the GENIUS Act was signed into law, the broader Clarity Act stalled due to ethical concerns. Coinbase and Fairshake are heavily funding races to secure permanent regulatory clarity amid divided Congress." datetime: "2026-11-02T12:26:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303958333.md) - [en](https://longbridge.com/en/news/303958333.md) - [zh-HK](https://longbridge.com/zh-HK/news/303958333.md) generator: "portal-rs" --- # Why Crypto PACs Are Spending Over $200 Million on the 2026 Midterms? Crypto-backed political action committees (PACs) are spending more than $206 million on the 2026 U.S. midterm elections, seeking to preserve industry-friendly lawmakers and revive stalled digital asset legislation. ### **Why Is Crypto Spending Big On The Midterms?** Crypto-related PACs spent almost $250 million during the 2024 elections, with Fairshake-backed candidates winning 52 of 57 races, a 91% success rate, a CNBC show hosted by Talia Kaplan noted. The industry secured a major legislative victory when President **Donald Trump** signed the GENIUS Act into law in July 2025, establishing a federal regulatory framework for stablecoins. On the other hand, the broader Clarity Act, which seeks to establish comprehensive crypto market rules and clarify oversight between the SEC and CFTC, failed to advance in the Senate on Sept. 15. The legislation stalled partly over Democratic demands for stronger ethics provisions preventing senior government officials from profiting from crypto ventures. ### **Coinbase, Fairshake Target Key Congressional Races** **Coinbase Global Inc.** (NASDAQ:COIN) donated $25 million to Fairshake in 2025 after contributing heavily during the previous election cycle. Coinbase-backed Stand With Crypto has endorsed 45 candidates, while Fairshake-affiliated PACs back 33 incumbents, including 19 Republicans and 14 Democrats. The Ohio Senate race has emerged as a major focus, with crypto PACs spending almost $55 million this cycle in opposition to Democratic candidate **Sherrod Brown**, a longtime industry critic. Brown faces Republican **John Husted**, who supports cryptocurrency-friendly policies. Fairshake has also committed at least $1 million each to several congressional candidates. ### **Can Crypto Legislation Survive A Divided Congress?** The industry’s biggest challenge remains securing permanent regulatory clarity. Democratic concerns over Trump’s crypto businesses have complicated bipartisan negotiations, while the SEC and CFTC are addressing gaps left by the stalled Clarity Act. Coinbase Vice Chair **Ryan VanGrack** expects regulatory progress regardless of the election outcome, but agency guidance can change under future administrations, making congressional legislation essential. *Image: Shutterstock* **Read Also: Bitcoin, Hyperliquid, Zcash Make '2027 Crypto Playbook': Report** ### Related Stocks - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [ATC.US](https://longbridge.com/en/quote/ATC.US.md) - [COIA.US](https://longbridge.com/en/quote/COIA.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [COIO.US](https://longbridge.com/en/quote/COIO.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [COIX.US](https://longbridge.com/en/quote/COIX.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [CONX.US](https://longbridge.com/en/quote/CONX.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [COYY.US](https://longbridge.com/en/quote/COYY.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [ICOI.US](https://longbridge.com/en/quote/ICOI.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [REKT.US](https://longbridge.com/en/quote/REKT.US.md) - [07711.HK](https://longbridge.com/en/quote/07711.HK.md) - [09311.HK](https://longbridge.com/en/quote/09311.HK.md) ## Related News & Research - [INSIGHT-Crypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era](https://longbridge.com/en/news/303206420.md) - [Maybe the SEC should just exempt everybody](https://longbridge.com/en/news/303226017.md) - [Coinbase Q3 net income rises; subscriber, market share hit records](https://longbridge.com/en/news/303623377.md) - [Coinbase (COIN) Q3 2026 Earnings Call: Prediction Markets Offset Spot Trading Decline](https://longbridge.com/en/news/303644320.md) - [Factbox-the ultra-wealthy crypto executives who are spending big on the midterms](https://longbridge.com/en/news/303209860.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**