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The cryptocurrency and AI industries raised $250 million in the past year for the U.S. midterm elections

By: rootdata|2026/04/16 22:42:02
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According to the Financial Times, an analysis of campaign finance records shows that the cryptocurrency and AI industries have raised approximately $250 million over the past year to support congressional candidates in the upcoming U.S. midterm elections in November.

A16z co-founders Marc Andreessen and Ben Horowitz donated a total of $25 million in February to the pro-AI Super PAC "Leading The Future." The organization has raised about $75 million from billionaires, including the two mentioned above and OpenAI co-founder Greg Brockman; when including "dark money" non-profits that do not disclose their donors, that figure rises to $140 million. The largest Super PAC in the crypto industry, Fairshake, has raised over $134 million on its own.

In January, Cantor Fitzgerald, a Wall Street firm previously led by current U.S. Secretary of Commerce Howard Lutnick and now managed by his son Brandon, which has a partnership with Tether, donated $10 million to the pro-crypto Super PAC Fellowship; the parent company of the major crypto platform, Anchor Labs, also added a $1 million donation to Fellowship PAC. Elon Musk donated $1.6 million to his America PAC in March, significantly reducing his involvement compared to 2024, when he invested over $250 million across various PACs.

Anthropic has pledged $20 million to the non-profit Public First Action, which has redirected some of the funds to a Super PAC to influence the 2026 elections. The company holds a relatively unique position in the industry, explicitly calling for the establishment of strict federal AI safety regulations, which diverges from the majority of participants in the AI industry.

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