Crypto Industry Drops $200 Million on Candidates Supporting Clarity Act

The crypto industry has been actively supporting candidates who back its favorite bill, the Digital Asset Market Clarity (CLARITY) Act. As of June 30, cryptocurrency companies contributed nearly $200 million towards influencing the 2026 midterm elections.

Coinbase and Ripple Labs primarily donated to outside groups, including pro-crypto super PACs Fairshake and Protect Progress. These groups then spent on independent expenditures to support or oppose candidates in the 2026 cycle.

Ripple Labs contributed approximately $49 million in the 2026 election cycle, while Crypto.com spent $38.6 million and Coinbase spent $35.2 million, with the majority of that money going to Fairshake.