Crypto firms spend $189 million in 2026 US midterm elections

Key Facts

Amid intensifying debate over cryptocurrency regulation in the US, the industry moved to bolster its political influence with record election contributions. According to a report from The Block, crypto firms contributed $189 million to the 2026 midterm elections, with Ripple, Coinbase, and Crypto.com leading corporate donations.

This sum represents a significant increase from previous election cycles, underscoring the sector's growing role in shaping monetary and legislative policies. Coinbase stock traded at $146.19 at the close on June 30, according to market data.

Investors are watching for potential pro-crypto legislation that could emerge from the elections, which may impact stocks like COIN. Markets are also awaiting congressional hearings on digital assets, as well as regulatory developments in key states.