[Cryptocurrency Industry Has Spent Approximately $176 Million in the Current US Midterm Elections] According to Foresight News, citing Channel News Asia, the cryptocurrency industry has spent approximately $176 million in over 100 midterm elections during this election cycle. The report states that this is part of a multi-year plan to build a bipartisan coalition of congressional allies to continue advancing its interests after Trump leaves office. Fairshake, a super PAC backed by companies like Coinbase, Ripple, and a16z, has spearheaded the spending in these midterm elections, with 53 of its 58 primary or special election candidates advancing. The industry's strategy focuses on selecting candidates with winning potential and running ads through affiliated PACs (often without directly mentioning cryptocurrencies) to build long-term political relationships and push for regulatory clarity.