Tech Influence Watch statistics show that cryptocurrency political action committees spent more than $170 million in the midterm elections, but several prominent candidates backed by the industry lost. Democrats won broadly, defeating Republicans supported by the cryptocurrency industry in Ohio, Wisconsin, Texas, Michigan, and Iowa. The industry's efforts to establish a digital asset regulatory framework remain unfinished, after the Senate blocked the CLARITY Act in September. However, spending by cryptocurrency political action committees helped Republican Pete Ricketts retain his Senate seat in Nebraska and supported Republican Andy Barr's successful run for Senate in Kentucky.