BlockBeats News, February 16 — According to The Hill, after achieving several key victories and accumulating substantial funds in 2024, the cryptocurrency industry is increasing its spending in preparation for the upcoming U.S. midterm elections.
The industry’s main super PAC network, Fairshake, had over $193 million in cash on hand in early 2026 and announced several targets for this election cycle: including supporting Congressman Barry Moore (Republican-Alabama) in the Alabama Senate race, and pushing for the removal of Congressman Al Green (Democrat-Texas) in the House elections.
Following heavy investment in the last U.S. election and claiming victories in at least two high-profile races, this has secured some early wins for the industry in Congress and significantly elevated the crypto sector’s status in Washington.
The impact of the crypto industry in 2024 was most notable, as it投入数千万美元，介入多场初选和激烈的选举。根据2024年竞选财务申报文件，包含三个附属团体的Fairshake超级PAC网络在上个周期总计花费接近1.8亿美元。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market
Bitcoin plummeted to a two-week low of $67,371 during the Asia session, then rapidly rebounded to $71,000 following Trump's announcement to suspend strikes against Iran, gaining 5.86%. This event triggered a $2.5 trillion increase in global market value. Meanwhile, Bitcoin liquidations reached $659 million, marking the largest scale in recent times. Market sentiment improved, the fear index rose, while miners continue to face losses pressure.
動區BlockTempo8m ago
Bitcoin Surges 4% Briefly After Trump Announces De-escalation with Iran, Futures Premium at Only 2% Below Neutral Range
After Trump announced a temporary easing of tensions with Iran, Bitcoin rose 4% in the short term, WTI crude oil prices fell 14%, and the S&P 500 index gained 3%. The futures market shows Bitcoin's annualized premium is below the normal range, options market prices the probability of Bitcoin reaching $80,000 at 20%, and the market lacks confidence in the $68,000 support level.
GateNews10m ago
Russia Approves "Digital Currency and Digital Rights Act," Mainstream Assets Including BTC, ETH, SOL Meet Admission Standards
The Russian government has approved the Digital Currency and Digital Rights Bill. The central bank will review and authorize digital assets permitted for circulation, establish strict listing conditions, ban privacy coins, set an annual investment limit of $4,000 for investors, impose substantial fines and prison sentences on non-compliant exchanges and mining enterprises, and the bill must complete review by 2026.
GateNews26m ago
Trump's Oil Market Shows $580 Million Anomalous Trade 15 Minutes Before Iran Negotiation Post
On March 24, Brent and WTI crude oil futures contracts experienced a surge in trading volume and triggered market selloffs following Trump's mention of "productive dialogue" with Iran. The White House denied that officials used insider information, and subsequently Iran's parliamentary speaker denied negotiations, causing global stock markets to retreat.
GateNews27m ago
Iranian media: US and Israel attack two of Iran's energy infrastructure sites
Gate News reported that on March 24, according to Iran's Fars News Agency, the United States and Israel attacked two energy infrastructure facilities located in Isfahan in central Iran and Khorramshahr in the southwest. The report stated that a natural gas company building and gas decompression station in Isfahan were attacked, with some facilities and surrounding residences sustaining damage; the gas pipeline at the power plant in Khorramshahr was also targeted in the attack. Both attacks resulted in no casualties.
GateNews28m ago
Why Did Bitcoin Rise Today? Trump Delays Iran Attack by 5 Days, 160 Million Shorts Liquidated
Bitcoin rebounded to $71,000 following Trump's statement delaying strikes on Iran, erasing losses for the week. Easing market concerns drove a return flow to risk assets, resulting in over $160 million in forced short liquidations. Technical analysis shows the need to hold above $71,500 to confirm an uptrend. Future market direction remains influenced by geopolitical developments.
MarketWhisper30m ago
