Companies like Coinbase have poured over $78 million into crypto-friendly PACs in preparation for the 2026 US midterm elections

With just one day left until the U.S. election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 election cycle. Fairshake, a pro-cryptocurrency and bipartisan super PAC, said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections, including more than $30 million already raised, as well as $48 million in new pledges from other companies like crypto exchange Coinbase and Silicon Valley venture capital firm Andreessen Horowitz (a16z). Overall, a16z has donated $70 million to Fairshake, a venture capital firm looking to support the PAC's larger mission of creating a Congress of pro-cryptocurrency lawmakers.