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Crypto Industry's Heavy Backing of Republicans Alienates Democrats, Creating Obstacles for Legislative Progress
According to Cointelegraph, former New York Governor Andrew Cuomo stated during a conversation at Token2049 with OKX CEO Xu Xingming that the cryptocurrency industry's heavy tilt toward the Republican Party has alienated Democrats, and that passage of federal crypto legislation such as the CLARITY Act requires bipartisan support. Data indicates that crypto PACs contributed $54.3 million to Republicans and $26.2 million to Democrats during the 2026 election cycle, with an additional $23.2 million spent against Democratic candidates. Cuomo also rejected the notion that the Democratic Party is inherently opposed to cryptocurrency, noting that crypto aligns closely with Democratic values regarding financial inclusion, and urged the industry to adopt a more balanced approach to political donations.
Crypto PAC Fairshake Announces Midterm Election Endorsement List, All 32 House Candidates Previously Supported the CLARITY Act
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.
Crypto PAC Fairshake Announces Midterm House Endorsement List
Crypto Political Action Committee (Crypto PAC) Fairshake has released its midterm election House endorsement list, evaluating candidates based on their level of support for crypto policy.
Crypto group Fairshake contributes $30 million to target Sherrod Brown
Fairshake, a Super PAC dedicated to lobbying for changes in crypto regulation, announced it will spend $30 million to oppose Ohio Senator Sherrod Brown’s re-election campaign. The organization previously spent over $40 million in the 2024 election to defeat the same candidate, making a significant political impact.
Crypto PAC Fairshake Plans to Spend $30 Million Against Democratic Senate Candidate Brown
As reported by The New York Times, the crypto industry super PAC Fairshake announced it will launch a $30 million opposition campaign against Ohio Democratic Senate candidate Sherrod Brown starting this Tuesday, featuring ad buys and mailers. This move comes after Senate Democrats collectively voted against the CLARITY Act last week, legislation aimed at providing regulatory certainty for the crypto industry.
AI billionaires pour billions into securing data centers as poll opposition rises to 61%
According to Decrypt, Build American AI, an advocacy group under the super PAC "Leading the Future" backed by Marc Andreessen, Ben Horowitz, and OpenAI President Greg Brockman, has announced it will invest millions of dollars in advertising across Kansas, Ohio, and Wisconsin to strongly support data center construction. However, a recent poll from the Annenberg Public Policy Center shows that 61% of U.S. respondents oppose building new data centers locally, a significant rise from 49% earlier this year. A majority opposed the projects across all major political affiliations, with Democrats at 69%, Republicans at 54%, and Independents at 53%. President Trump commented on the matter, stating that communities resisting data centers would be "backward and poor," and warned that China is eager to see this backlash. Currently, New York has imposed a moratorium on hyperscale data centers, Texas has halted approvals, and multiple cities have followed with bans. According to Data Center Watch, approximately $130 billion in projects faced obstacles or delays in the first quarter of 2026.
Trump's Super PAC has spent $277 million to support Republican midterm elections.
According to The Washington Post, MAGA Inc., the primary Super PAC affiliated with U.S. President Trump, has spent $277 million to support Republican midterm election candidates, retaining approximately $164 million in funds as of last week. MAGA Inc. transferred $200 million to its affiliated Super PAC, No Going Back PAC, and $25 million to Safety & Affordability PAC; since September, it has also directly spent roughly $34 million on advertising to attack Democratic candidates, including Texas Senate candidate James Talarico.
Multiple law enforcement agencies jointly oppose key provisions of the Clarity Act; negotiations continue
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
Trump's Super PAC has spent $277 million to support Republican midterm elections.
According to The Washington Post, MAGA Inc., the primary Super PAC affiliated with U.S. President Trump, has spent $277 million to support Republican midterm election candidates, retaining approximately $164 million in funds as of last week. MAGA Inc. transferred $200 million to its affiliated Super PAC, No Going Back PAC, and $25 million to Safety & Affordability PAC; since September, it has also directly spent roughly $34 million on advertising to attack Democratic candidates, including Texas Senate candidate James Talarico.
Two crypto political action committees under Fairshake have spent approximately $2.7 million ahead of the midterm elections.
According to data released by the U.S. Federal Election Commission (FEC), two crypto Super PACs under Fairshake, Defend American Jobs and Protect Progress, have already invested approximately $2.7 million ahead of the midterm elections for advertising and direct mail campaigns to support bipartisan House candidates.
Fairshake-affiliated PAC Spends $2.7 Million Ahead of 2026 Midterm Elections
Crypto political action committee Fairshake and its affiliates spent $2.7 million on advertising ahead of the 2026 U.S. midterm elections, focusing on supporting multiple House candidates.
Crypto Industry's Heavy Backing of Republicans Alienates Democrats, Creating Obstacles for Legislative Progress
According to Cointelegraph, former New York Governor Andrew Cuomo stated during a conversation at Token2049 with OKX CEO Xu Xingming that the cryptocurrency industry's heavy tilt toward the Republican Party has alienated Democrats, and that passage of federal crypto legislation such as the CLARITY Act requires bipartisan support. Data indicates that crypto PACs contributed $54.3 million to Republicans and $26.2 million to Democrats during the 2026 election cycle, with an additional $23.2 million spent against Democratic candidates. Cuomo also rejected the notion that the Democratic Party is inherently opposed to cryptocurrency, noting that crypto aligns closely with Democratic values regarding financial inclusion, and urged the industry to adopt a more balanced approach to political donations.
Crypto PAC Fairshake Announces Midterm Election Endorsement List, All 32 House Candidates Previously Supported the CLARITY Act
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.
Crypto PAC Fairshake Announces Midterm House Endorsement List
Crypto Political Action Committee (Crypto PAC) Fairshake has released its midterm election House endorsement list, evaluating candidates based on their level of support for crypto policy.
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Trump's Super PAC has spent $277 million to support Republican midterm elections.
According to The Washington Post, MAGA Inc., the primary Super PAC affiliated with U.S. President Trump, has spent $277 million to support Republican midterm election candidates, retaining approximately $164 million in funds as of last week. MAGA Inc. transferred $200 million to its affiliated Super PAC, No Going Back PAC, and $25 million to Safety & Affordability PAC; since September, it has also directly spent roughly $34 million on advertising to attack Democratic candidates, including Texas Senate candidate James Talarico.
Two crypto political action committees under Fairshake have spent approximately $2.7 million ahead of the midterm elections.
According to data released by the U.S. Federal Election Commission (FEC), two crypto Super PACs under Fairshake, Defend American Jobs and Protect Progress, have already invested approximately $2.7 million ahead of the midterm elections for advertising and direct mail campaigns to support bipartisan House candidates.
Fairshake-affiliated PAC Spends $2.7 Million Ahead of 2026 Midterm Elections
Crypto political action committee Fairshake and its affiliates spent $2.7 million on advertising ahead of the 2026 U.S. midterm elections, focusing on supporting multiple House candidates.
Ripple co-founder Chris Larsen has donated at least $22.5 million in the current U.S. election cycle
Odaily News: Ripple co-founder and crypto billionaire Chris Larsen is ramping up his involvement in U.S. politics. Disclosure data shows that during the current midterm election cycle, Larsen has donated at least $22.5 million directly to federal candidates and super PACs, and he plans to increase his contributions further. Larsen has now become one of the major donors in U.S. federal politics. His areas of interest include artificial intelligence, clean energy, cryptocurrency, and taxes on the wealthy. He was also previously among the more active political donors in the U.S. tech and crypto industries. (Bloomberg)
Crypto Industry's Heavy Backing of Republicans Alienates Democrats, Creating Obstacles for Legislative Progress
According to Cointelegraph, former New York Governor Andrew Cuomo stated during a conversation at Token2049 with OKX CEO Xu Xingming that the cryptocurrency industry's heavy tilt toward the Republican Party has alienated Democrats, and that passage of federal crypto legislation such as the CLARITY Act requires bipartisan support. Data indicates that crypto PACs contributed $54.3 million to Republicans and $26.2 million to Democrats during the 2026 election cycle, with an additional $23.2 million spent against Democratic candidates. Cuomo also rejected the notion that the Democratic Party is inherently opposed to cryptocurrency, noting that crypto aligns closely with Democratic values regarding financial inclusion, and urged the industry to adopt a more balanced approach to political donations.
Crypto PAC Fairshake Announces Midterm Election Endorsement List, All 32 House Candidates Previously Supported the CLARITY Act
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.