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Crypto super PACs pour $200M+ into 2026 midterms aiming to pass digital asset laws after 2024 success

Market News
31 Oct 2026, 16:04 WIB
CNBC
View Source
Bullish
Crypto super PACs pour $200M+ into 2026 midterms aiming to pass digital asset laws after 2024 success

Cryptocurrency-focused super PACs are investing over $200 million in the 2026 U.S. midterm elections to influence lawmakers and push for comprehensive digital asset legislation, following a $250 million spend in 2024 that helped elect pro-crypto candidates. Major players like Fairshake and Coinbase are backing candidates across parties, prioritizing those who support crypto-friendly policies. Despite setbacks like the stalled Clarity Act in the Senate, the industry remains focused on modernizing financial regulations to reduce costs and increase transaction efficiency. The upcoming elections, including key races like Ohio's Senate contest, will test crypto's political influence amid shifting voter priorities and concerns about government corruption.

Coinbase Global, Inc. (COIN) is trading at USD 143.29 on Pluang, down 10.77% in the last day as of Oct 31, 2026 20:21 WIB. This notable price drop contrasts with the crypto industry's ongoing political push, investing over $200 million in the 2026 U.S. midterms to influence legislation. Despite the volatility in COIN's stock price, Pluang users show a strong buying interest with 69% of order activity favoring buys, reflecting continued engagement with crypto assets amid regulatory debates.

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