TechFlow news, according to DL News, after investing $133 million in the 2024 U.S. presidential election, the cryptocurrency industry has already raised $78 million for the 2026 midterm elections. Coinbase has committed to contributing $25 million to Fairshake, a pro-crypto political action committee (PAC), while Andreessen Horowitz has pledged over $23 million to Fairshake and its affiliated PACs.
Kristin Smith, CEO of the Blockchain Association, said the 2024 election demonstrated the significant influence of the crypto industry and its community. Data shows that in the new Congress, 275 House members support cryptocurrencies, compared to only 122 who are opposed. Industry observers expect a major shift in the U.S. crypto regulatory environment following Trump's victory and the impending departure of SEC Chair Gensler.
