US Crypto Industry Spends $2.7 Million to Back Pro-Crypto House Candidates Ahead of 2026 Midterms

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The US crypto industry is pouring significant political funding into efforts to support pro-crypto candidates for the US House of Representatives ahead of the midterm elections.

Cointelegraph reported on October 12 that Defend American Jobs and Protect Progress, two groups affiliated with US crypto political action committee Fairshake, recently spent a combined $2.7 million on election advertising.

Federal Election Commission filings show the money was used for advertisements and campaign mailers for Republican and Democratic candidates running in the 2026 midterm elections. Major beneficiaries included Republican House Majority Whip Tom Emmer and House Agriculture Committee Chairman Glenn Thompson. More than $76,000 was spent on Emmer, while Thompson received $73,000. Democratic Representatives Pete Aguilar and Josh Gottheimer were allocated $512,000 and $500,000, respectively.