Crypto blitzes U.S. midterms with $176 million as it prepares for post-Trump era

What happened: The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, part of a plan to build a bipartisan coalition in Congress that can advance its interests after President Donald Trump leaves office. Key numbers: About $176 million spent; more than 100 races; industry valued at $2.75 trillion. Why it matters: Strategists say the industry is backing candidates it sees as likely winners who can help its legislative agenda once in Congress, while targeting politicians it views as a threat. Coverage: 5 outlets in 24h

The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, part of a plan to build a bipartisan coalition in Congress that can advance its interests after President Donald Trump leaves office.

Strategists say the industry is backing candidates it sees as likely winners who can help its legislative agenda once in Congress, while targeting politicians it views as a threat.