Public Citizen data show that crypto-related organizations have donated over 200000000 USD, intending to influence the 2026 midterm elections and advance digital asset market structure legislation.
According to FEC filings, Musk October before the 2 week injected funds into America PAC injecting 77000000 USD, bringing the total donations in this cycle to more than 445000000 USD。America PAC Spending during the same period was 43000000 USD, with the funds primarily directed to key congressional races.
The New York Times reported that Musk invested more than 275000000 USD over the past several months to support Republicans in their bid to retain control of Congress, with some donations not yet disclosed. His spokesperson confirmed the donations.
Musk reportedly contributed more than July to Republican groups and super PACs since early 276000000 USD,for mobilization related to the midterm elections.
PANews, citing Bloomberg, reported that Ripple Ripple co-founder Chris Larsen has directly donated at least to federal candidates and super PACs during this U.S. midterm election cycle 22500000 USD, and plans to continue increasing his investment. The related issues include cryptocurrency,AI, clean energy, and taxation of ultra-high-net-worth individuals.
Andrew Cuomo said at Token2049 that if the crypto industry wants to advance federal crypto legislation, it should balance its support for Democrats and Republicans.
UK Defence Secretary John Healey criticized Reform Party leader Nigel Farage's stance on Bitcoin in a speech, comparing him to “Liz Truss with a Bitcoin account.” The Metropolitan Police is investigating reports that Reform allegedly violated overseas donation rules.
X account @katiebiber posted: “Thank you @SECPaulSAtkins for proposing to rescind the SEC pay-to-play rule. It punishes good actors while missing the bad ones. In no universe should a $351 contribution be considered bribery by default. My comment: https://t.co/LxhdEo0rg1”
Arron Banks stated that Reform UK may establish a union covering IT、AI and crypto practitioners in response to tighter rules on overseas political donations. The major donations and retroactive effects described in the article remain unverified.