BlockBeats News, February 16 — According to The Hill, after achieving several key victories and accumulating substantial funds in 2024, the cryptocurrency industry is increasing its spending in preparation for the upcoming U.S. midterm elections.
The industry’s main super PAC network, Fairshake, had over $193 million in cash on hand in early 2026 and announced several targets for this election cycle: including supporting Congressman Barry Moore (Republican-Alabama) in the Alabama Senate race, and pushing for the removal of Congressman Al Green (Democrat-Texas) in the House elections.
Following heavy investment in the last U.S. election and claiming victories in at least two high-profile races, this has secured some early wins for the industry in Congress and significantly elevated the crypto sector’s status in Washington.
The impact of the crypto industry in 2024 was most notable, as it投入数千万美元，介入多场初选和激烈的选举。根据2024年竞选财务申报文件，包含三个附属团体的Fairshake超级PAC网络在上个周期总计花费接近1.8亿美元。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
JPMorgan warns that US stocks could fall 10% due to Middle East conflict; the market is not yet prepared
JPMorgan warns that the Iran conflict could cause the S&P 500 to drop by 10% due to rising tensions in the Middle East and oil prices exceeding $100. Investors are unprepared, with current positions being neutral and lacking risk mitigation strategies. If the situation improves, market risks could quickly diminish.
GateNews20m ago
French President Macron announces formation of escort fleet, reopening the Strait of Hormuz
Gate News Report, March 9th, French President Macron announced that a convoy fleet is being assembled to reopen the Strait of Hormuz. The Strait of Hormuz is a vital shipping route connecting the Persian Gulf and the Arabian Sea, with approximately one-third of the world's maritime oil transported through this passage.
GateNews23m ago
Hyperliquid Announces Opening of Pandora's Box as Crypto Prices Fall Flat
Hyperliquid's CEO announced the opening of Pandora’s Box amid rising oil prices due to Middle East conflicts, projected to hit $150 a barrel. Crypto prices remain stable, while perpetual markets gain traction for trading various assets.
TheNewsCrypto50m ago
Missouri Eliminates State Taxes on Bitcoin Capital Gains
Missouri will be the first U.S. state to eliminate state taxes on Bitcoin capital gains, effective January 1, 2025, fostering a pro-crypto environment and attracting investment. This landmark decision may spur competition among states to implement similar tax reliefs.
Coinfomania1h ago
NATO intercepts two ballistic missiles entering Turkish airspace
Gate News Report, March 9th, NATO intercepted two ballistic missiles entering Turkish airspace. Among them, the second ballistic missile is believed to have aimed at Incirlik Air Base in southern Turkey and was intercepted at the Syria-Turkey border. The Turkish Ministry of Defense stated that Turkey highly values good neighborly relations and regional stability, but will take all necessary measures to respond decisively and without hesitation to any threats targeting Turkish territory or airspace.
GateNews1h ago
Ho Chi Minh City approves the establishment of a 5 trillion VND venture capital fund, prioritizing investments in blockchain, AI, and other sectors.
Ho Chi Minh City People's Committee in Vietnam has approved the establishment of a large venture capital fund, with plans to raise 5 trillion VND (approximately $190 million) by 2035, prioritizing investments in artificial intelligence, blockchain, biotechnology, and other fields. Several companies and investment funds are already participating.
GateNews1h ago
