More than $200 million has been wagered on this midterm election over the regulatory path for the crypto industry.
Public Citizen tracks donations from crypto-related organizations; Fairshake and its affiliated super PACs backed 33 House candidates, 19 Republicans and 14 Democrats. Coinbase and Ripple each donated $25 million in 2025. The Ohio Senate race is a key focus: Fairshake has spent $55 million opposing Sherrod Brown, whose opponent is pro-crypto Republican Senator Jon Husted.
That $200 million is wagered on seats, not bills, and the $55 million in Ohio is the clearest evidence. The thing to watch is whether comprehensive digital asset market structure legislation gets rescheduled after the election; if it quickly gets back on track and the timeline aligns with the list of supported candidates, this assessment will be invalidated.
#OpenAI cuts fundraising target by $10 billion
Public Citizen tracks donations from crypto-related organizations; Fairshake and its affiliated super PACs backed 33 House candidates, 19 Republicans and 14 Democrats. Coinbase and Ripple each donated $25 million in 2025. The Ohio Senate race is a key focus: Fairshake has spent $55 million opposing Sherrod Brown, whose opponent is pro-crypto Republican Senator Jon Husted.
That $200 million is wagered on seats, not bills, and the $55 million in Ohio is the clearest evidence. The thing to watch is whether comprehensive digital asset market structure legislation gets rescheduled after the election; if it quickly gets back on track and the timeline aligns with the list of supported candidates, this assessment will be invalidated.
#OpenAI cuts fundraising target by $10 billion
