Crypto-backed political action committees have spent $7.2 million across five states ahead of the 2026 midterm elections, according to recent Federal Election Commission filings. The Protect Progress PAC, affiliated with Fairshake, allocated $1.6 million to support Democratic candidates Jasmine Clark in Georgia and Christian Menefee in Texas, while pledging $1.5 million to oppose Texas Representative Al Green. Meanwhile, the Defend American Jobs PAC, also linked to Fairshake, reported $5.6 million in expenditures supporting candidates in Georgia, Nebraska, Alabama, and Kentucky. Kentucky Senator Andy Barr, a pro-crypto policy advocate, received over $3.5 million in media support from Defend American Jobs. The spending reflects a strategic effort by crypto industry groups to shape policy discussions as lawmakers consider crypto-related legislation, including the GENIUS Act and the CLARITY Act. These financial moves underscore the sector's intent to influence regulatory outcomes and align political support with favorable crypto policies.
Crypto PACs Spend $7.2M to Influence 2026 Midterms
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