Crypto Firms Spend $189M to Shape 2026 U.S. Elections

Crypto companies have contributed $189 million to influence the 2026 U.S. Election, making it the largest source of disclosed corporate spending. According to the Public Citizen report, the figure represents 37% of the $517 million in disclosed corporate election spending.

The report identified Ripple, Crypto.com, and Coinbase as the biggest contributors, with combined spending of $123.4 million. Ripple supplied $49.6 million, Crypto.com provided $38.6 million, and Coinbase added $35.2 million through the first quarter of 2026.

Fairshake and MAGA Inc. Capture $138.8M in Crypto Funding

Meanwhile, Gemini founders Tyler and Cameron Winklevoss contributed another $25.7 million. Their support raised total spending by the four major crypto groups to nearly $149 million.

Much of the industrys political funding flowed to two major super PACs. Fairshake received $82.6 million in crypto-related contributions, while Trump-aligned MAGA Inc. collected $56.2 million from companies connected to the sector.

Another political vehicle, the Cantor Fitzgerald-backed Fellowship PAC, received $10 million from the Wall Street firm, which also serves as a banking partner to stablecoin issuer Tether.

According to Public Citizen, these committees support or oppose candidates from either major party based on positions affecting the commercial interests of their corporate backers.

Additional contributions further expanded the sectors political reach. Blockchain.com supplied $5 million to MAGA Inc., while Ondo Finance contributed another $2.1 million.

Among the leading corporate donors, Ripple ranked second overall, behind Andreessen Horowitzs $51.65 million contribution. Crypto.com placed third, while Coinbase ranked fourth.

Together, those rankings reinforced the crypto industrys position as the dominant source of disclosed corporate political spending ahead of the 2026 midterm elections.

Crypto Election Spending Outpaces AI and Online Betting

By comparison, artificial intelligence and Big Tech companies contributed $60 million during the cycle. Of that amount, $50.1 million went to the AI-focused Leading the Future PAC.

Online betting firms spent another $45.6 million, including $43 million directed to Win for America PAC. Consequently, crypto remained well ahead of both sectors in disclosed corporate political spending.

Source: Public Citizen

Together, crypto, artificial intelligence, Big Tech, and online betting companies accounted for $294 million. That total represented 57% of all reported corporate spending during the current election cycle.

The surge in political funding followed the passage of the GENIUS Act in July 2025. The law established federal reserve, disclosure, and supervisory requirements for payment stablecoins.

Attention has since shifted toward broader market-structure legislation. The CLARITY Act advanced through the Senate Banking Committee in May 2026, although further congressional approval is still required.