Crypto Firms Gave $233 Million Before Democrats Won Congress

Crypto companies contributed $233 million to political committees through Oct. 23 in the 2026 election cycle, while Democrats won Congress and the CLARITY Act remained stalled in the Senate.

The tally covers contributions of at least $5,000 to super PACs and hybrid PACs. It does not measure how much those committees spent on candidates or races. Corporate contributions to Fairshake totaled $106.9 million, while Ripple Labs contributed $49.6 million to political committees.

Democrats won control of both the House and Senate in the Nov. 3 midterms. The House had passed H.R. 3633, the CLARITY Act, 294-134 on July 17, 2025, but a Senate motion to advance the bill failed 49-50 on Sept. 15. That vote did not decide final passage.

Sen. Kirsten Gillibrand and six Democratic colleagues said Sept. 16, “This week was a setback, but not the end of that important work.” Sen. Adam Schiff said the bill's ethics provisions “do not meet the mark.”

The $233 million contribution tally uses a later reporting cutoff than an earlier $206 million figure.