# Crypto industry political spending in US elections

> Live situation record from CLSTR: https://clstr.news/situations/crypto-industry-political-spending-in-us-elections
> Updated: 2026-08-06T21:11:19.000Z. Sources: 10. Developments: 2.

In early August 2026, reporting highlighted that the U.S. cryptocurrency sector had poured roughly $200 million into the 2024 midterm election cycle through the Fairshake super‑PAC. The money was split between Democratic and Republican affiliates to fund independent advertising and to back legislation such as the Genius Act and the broader Clarity Act, with large contributions directed to candidates supportive of crypto‑friendly policies.

A few days later, the same Fairshake network shifted focus after a primary defeat in Michigan. Two affiliated PACs, Defend American Jobs and Protect Progress, disclosed more than $1.5 million in television and digital ads for candidates in Florida, Alaska and Wyoming. Those candidates had previously voted for the Digital Asset Market Clarity (CLARITY) Act and the GENIUS Act, indicating a continued effort to bolster lawmakers aligned with the industry’s regulatory agenda despite setbacks in other races.

## Timeline

### 2026-08-06: Fairshake crypto PAC spends $1.5 million on ads in Florida, Alaska and Wyoming after Michigan primary loss

Fairshake‑linked PACs Defend American Jobs and Protect Progress spent $1.5 M on ads for candidates in Florida, Alaska and Wyoming after a Michigan primary loss, backing lawmakers who support crypto‑friendly CLU

5 sources. https://clstr.news/cluster/fairshake-crypto-pac-spends-15-million-on-ads-in-florida-alaska-and-wyoming-after-michigan-primary-l

### 2026-08-03: Crypto Industry Pumps $200 Million into US Midterm Elections

Crypto firms have spent nearly $200 M on the 2024 U.S. midterms via Fairshake, backing candidates like Barry Moore and Andy Barr and pushing the Genius and Clarity Acts.

5 sources. https://clstr.news/cluster/crypto-industry-pumps-200-million-into-us-midterm-elections

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Cite as: Crypto industry political spending in US elections. CLSTR, https://clstr.news/situations/crypto-industry-political-spending-in-us-elections