Crypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era

What happened: The crypto industry has spent about $176 million across more than 100 midterm races this cycle, led by Fairshake, to build a bipartisan congressional coalition that can advance its agenda after Trump leaves office. Key numbers: About $176 million spent across 100+ races. Why it matters: Strategists say the money is a calling card to forge long-term relationships with elected officials and buffer the industry against regulation, given that the next president may be less personally invested in crypto than Trump.

The crypto industry has spent about $176 million across more than 100 midterm races this cycle, led by Fairshake, to build a bipartisan congressional coalition that can advance its agenda after Trump leaves office.

Strategists say the money is a calling card to forge long-term relationships with elected officials and buffer the industry against regulation, given that the next president may be less personally invested in crypto than Trump.