**[Opinion: The Crypto Industry's Overreliance on the Republican Party Has Alienated Democrats, Advancing the "CLARITY Act" Requires Bipartisan Support]** BlockBeats reported on October 8 that former New York Governor Andrew Cuomo stated at Token2049 that the crypto industry's strong support for the Republican Party in the past has alienated Democrats, and advancing federal crypto legislation in the U.S. requires bipartisan cooperation. Cuomo remarked that the industry previously "heavily bet on the Republican Party" to push the "CLARITY Act," but emphasized, "You need Democrats, and you need Republicans. It must be more balanced." During the 2026 election cycle, crypto-related political action committees have already spent $54.3 million supporting the Republican Party, $26.2 million supporting the Democratic Party, and $23.2 million opposing Democratic candidates. Cuomo also refuted the notion that Democrats are "anti-crypto," stating that crypto technology actually aligns with Democratic values because it can provide financial services to people who previously lacked access to financial products. He noted that if Democrats control Congress after the midterm elections, they might choose to weaken the Trump administration's crypto policies or collaborate to advance a comprehensive "CLARITY Act." Currently, Fairshake has announced its support for 32 House candidates in the November midterm elections, including 19 Republican candidates and 13 Democratic candidates. [Original Link]