Crypto Industry Drops $189M to Pass Regulatory Framework Bill
The crypto industry has poured nearly $200 million into candidates backing its favorite bill, the Digital Asset Market Clarity (CLARITY) Act. This legislation would establish a regulatory framework for cryptocurrency and digital assets.
Crypto companies contributed $189 million as of June 30 toward influencing the 2026 midterm elections. The industry gave money to MAGA Inc., a Cantor Fitzgerald-aligned PAC, and spent on candidates from both parties who supported their industry in the 2026 election cycle, particularly supporters and co-sponsors of the Clarity Act.
Coinbase and Ripple Labs primarily donated to outside groups, including pro-crypto super PACs Fairshake and Protect Progress. Fairshake received almost $137 million in the 2026 cycle and still had about $127 million on hand as of June 30.