Three major political action committees in the U.S. crypto industry have spent approximately $170 million to influence the mid

Crypto industry super PACs have deployed roughly $170 million ahead of the November 3 U.S. midterm elections, with spending tilting toward Republican candidates despite polls and prediction markets favoring Democrats. Fairshake, backed by Coinbase, a16z and Ripple Labs, has spent about $154 million and holds roughly $56 million in reserve for the next election cycle, including nearly $56 million to block former Democratic Senator Sherrod Brown's return to the Senate and nearly $11 million supporting Nebraska Republican Senator Pete Ricketts. The Winklevoss twins-backed Digital Freedom Fund put more than $8 million into races this month targeting Democratic Senate candidates in Ohio, Texas and Iowa, while Fellowship Fund, tied to Cantor Fitzgerald and Tether, backs mostly Republican candidates alongside $600,000 for three Democratic incumbents. Kalshi currently gives Democrats about a 70% chance of controlling both chambers, and even if crypto-backed Republicans win, major market-structure and tax legislation will still need Democratic support to clear the Senate's customary 60-vote procedural threshold. Watch how Fairshake's remaining $56 million war chest is deployed and whether crypto-aligned candidates perform well enough to shape the legislative agenda in the next Congress.