Hashing out the midterms: Crypto donors funnel $176M into campaigns and PACs

Crypto companies and executives have donated more than $176 million to political campaigns and super PACs during the 2026 U.S. midterm election cycle, according to US FEC data as of October 27, placing the cryptocurrency industry among the top political contributors.

Crypto exchange Coinbase donated about $58 million during the cycle. It ranks 12th among all donors and fifth among companies and organizations. Coinbase CEO Brian Armstrong donated roughly $1 million, while the exchange’s contributions were split relatively evenly between parties and candidates.

Crypto infrastructure and payments company Ripple donated about $49.6 million this cycle. Gemini co-founders Cameron and Tyler Winklevoss donated a combined $55.9 million. Together, Coinbase, Ripple and the Winklevoss twins are the leading donors identified within the crypto industry.

Fairshake Super PAC led crypto industry strategy with $139 million in transfers to affiliated PACs. The reported donations came as political spending surged ahead of the 2026 U.S. midterms.