Cryptocurrency companies have become the single largest corporate political spenders in the United States, pouring $189 million into the 2026 midterm elections, according to a Public Citizen report published June 30. The figure already exceeds total crypto spending during the entire 2024 election cycle.
The crypto sector accounts for 37% of $517 million in total corporate midterm spending reported so far, a sum that has already surpassed the previous record of $461 million set during the full 2024 cycle, with months remaining before Election Day.
Fairshake, the crypto-aligned super PAC, has received $82.6 million in corporate contributions this cycle, representing 60% of its $135 million total. Coinbase contributed $33 million to Fairshake, while Ripple Labs provided $48.5 million. Josh Vlasto, co-leader of Fairshake and former chief of staff for New York Gov. Andrew Cuomo, described the effort as “an aggressive, targeted strategy” to support pro-crypto candidates across the country.
Andreessen Horowitz, the venture capital firm co-founded by Marc Andreessen and Ben Horowitz, has deployed $50 million to Leading the Future, a super PAC oriented around AI policy. The firm’s combined political footprint, including co-founder donations, totals $115.5 million. Leading the Future has raised $75.1 million overall, with corporate contributions comprising 67% of its funding.
Crypto companies have also directed substantial funds to MAGA Inc., the super PAC that has received $120.6 million in corporate contributions this cycle, representing 35% of its $342 million total. Foris Dax, the parent company of Crypto.com, contributed $35 million to MAGA Inc. Gemini Trust Company gave $4.4 million, Blockchain.com contributed $5 million, and Ondo Finance provided $2.1 million.
Tools for Humanity Corporation, which runs OpenAI CEO Sam Altman’s biometric identity startup, contributed $5 million to MAGA Inc. days before Trump’s inauguration. Greg Brockman, president of OpenAI, and his spouse Anna Brockman jointly gave $25 million to MAGA Inc. and another $25 million to Leading the Future.
Online betting companies have also mobilized significant resources. Win for America, a super PAC, received $43 million from the sector, with FanDuel and DraftKings each contributing $19.5 million. The super PAC’s reported funding comes entirely from corporate contributions.
Beyond crypto, other technology sectors are competing for political influence. Meta Platforms has spent $65 million through non-federal super PACs on state-level AI regulation, while Anthropic pledged $20 million to a group backing AI safety-oriented candidates.
The report, authored by Public Citizen researcher Rick Claypool and drawing on Federal Election Commission data, shows that corporations have now spent nearly one third of the $1.58 billion in total corporate election spending since the Supreme Court’s Citizens United decision in 2010.
When asked about political spending, Sam Altman, CEO of OpenAI, said he would “love to see money out of politics,” even as his company’s leadership and affiliated entities have directed tens of millions to election-related super PACs.
