Foresight News|Jan 29, 2026 01:08
**[U.S. Crypto Industry Raises $193 Million for Midterm Elections]**
Foresight News reports, according to the *Financial Times*, the U.S. crypto industry has raised a record-breaking $193 million for the upcoming midterm elections. The Fairshake Political Action Committee (PAC) announced on Wednesday that the fundraising includes $25 million from Coinbase, $25 million from Ripple, and $24 million from a16z, making it one of the most well-funded political forces in the U.S.
Previously, Fairshake and its affiliated groups spent over $130 million in the last election cycle to support pro-crypto candidates. Additionally, Gemini co-founders, the Winklevoss brothers, have donated approximately $21 million worth of Bitcoin to the Digital Freedom Fund PAC. Another super PAC, whose financial officer is an executive from Cantor Fitzgerald, also announced it has raised $100 million to support pro-crypto candidates.
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