They threw $176 million at it and got a Democratic sweep of Congress in return. Crypto super PACs spent more than $176 million in the midterms. The result: both chambers of Congress changed hands, and the industry is now facing tougher scrutiny. The return on that investment is so bad there’s no way to spin it.
What stings even more is the reaction in the market: Official Trump (TRUMP) fell 15.4% in 24 hours, while World Liberty Financial (WLFI) dropped 3.5%. The two Trump-linked tokens ranked among the worst performers in the top 100 by market cap, while BTC rose 2.6% and ETH gained 4.2% over the same period. The money’s gone, regulations haven’t eased, and the political narrative they bet on has already collapsed. That “new map” for 2028 now has to be drawn from below zero.
What can they tell themselves next cycle to justify writing another $176 million check? $BTC $ETH
What stings even more is the reaction in the market: Official Trump (TRUMP) fell 15.4% in 24 hours, while World Liberty Financial (WLFI) dropped 3.5%. The two Trump-linked tokens ranked among the worst performers in the top 100 by market cap, while BTC rose 2.6% and ETH gained 4.2% over the same period. The money’s gone, regulations haven’t eased, and the political narrative they bet on has already collapsed. That “new map” for 2028 now has to be drawn from below zero.
What can they tell themselves next cycle to justify writing another $176 million check? $BTC $ETH
