Political groups backed by the cryptocurrency industry spent approximately $176 million across more than 100 congressional races during the 2026 US election cycle. Despite this bipartisan effort, Democrats gaining control of Congress and several prominent campaigns falling short limited the political impact of the spending. Sherrod Brown’s return to the Senate was a major setback for groups that spent approximately $63 million in Ohio. Negotiations over the Digital Asset Market Clarity Act, which stalled in a Senate procedural vote in September, could resume under new congressional leadership. Digital-asset regulation will depend on bipartisan compromises over investor protections and the respective authority of the SEC and the CFTC.
Source: Read the original article
