US cryptocurrency companies have donated a total of $206 million to Super PACs and Hybrid PACs ahead of the November midterm elections, CryptoSlate reported. According to an analysis of Federal Election Commission (FEC) data up to the second quarter by the civic group Public Citizen, the cryptocurrency industry made the largest donations among all corporate sectors. At the center of the crypto industry's political funding network is the Super PAC Fairshake. Fairshake raised $137.4 million from early 2025 to late July and spent approximately $88.66 million. Of this, $65 million was transferred to affiliated committees.