Crypto firms have spent $189 million on 2026 U.S. election, report says

A new Reuters report tracks cryptocurrency companies' political spending ahead of the 2026 U.S. election. The analysis finds that firms have spent a total of $189 million so far. The expenditures cover lobbying activities, campaign donations and advertising. The money is directed toward influencing election outcomes and related policy debates. The report highlights a growing trend of crypto industry involvement in U.S. politics. It notes that spending is concentrated among a handful of large firms. Regulators and observers are watching the influx of crypto money in the political arena. Future disclosures will reveal whether the spending accelerates as the election approaches.