Crypto Firms Fuel Record Corporate Spending in 2026 Midterms

A new class of billionaires and companies is driving corporate spending in the 2026 US midterm elections, marking a significant shift from traditional industries like Wall Street and pharmaceuticals.

Crypto companies, AI firms, and online betting operators are among the biggest contributors to this year's midterms, with a record amount of business spending on congressional contests, according to campaign finance watchdogs and interviews with political strategists.

These emerging industries have disrupted traditional power structures in Washington, giving rise to a new class of kingmakers who wield significant influence over US politics. The fresh influx of money is expected to shape the outcome of several key races this year.