Crypto Industry Pours $176M Into US Midterm Races to Shape Digital Asset Rules

Political spending by crypto groups has reached $176 million ahead of the midterms, as the industry pushes for passage of the CLARITY Act. Crypto industry groups have committed approximately $176 million to US midterm election efforts, according to figures reported by UNLOCK Blockchain and crypto.news. The spending underscores how deeply the sector has invested in shaping who controls regulatory policy in Washington. The money has flowed through political action committees and advocacy organizations tied to the crypto industry. These groups back candidates viewed as supportive of clearer rules for digital assets.