How Crypto PACs are Buying Congress: The Election Plan You’re Not Supposed To See
Last updated on July 3rd, 2026 at 02:37 pm
If you still believe that political power comes from votes… it’s time to wake up!
In 2026, power comes from money… and the crypto industry is proving it has more of both than anyone imagined.
While you were focused on the market’s next move, a well-funded machine was quietly executing a hostile takeover of Congress.
I’m not talking about behind-the-scenes lobbying or whispered promises… I’m talking about a full-blown, multi-million dollar campaign to handpick the people who will write the rules of the game… and so far, it’s working almost perfectly.
The Money Machine Has a 38-2 Record
Let’s cut through the noise and look at the scorecard…
The main player here is Fairshake, a super PAC funded by the biggest names in crypto like Coinbase & Ripple.
And, they’ve brought along their friends… Protect Progress for Democrats & Defend American Jobs for Republicans.
Together, this coalition has gone 38-2 in the congressional races they’ve targeted in the 2026 election cycle.
That’s not influence… that’s a massacre.
In a single night of primaries across Maryland, New York, and Utah in late June, these PACs spent over $8 million on ads and mailers to crush anti-crypto candidates and elevate their hand-picked successors.
And, they’re just getting warmed up… Fairshake reported having roughly $150 million in cash on hand in June.
This isn’t just a political strategy… it’s a corporate acquisition of our political system.
Maryland & New York Takedowns
One thing is for sure… you don’t have to look far to see this playbook in action.
In Maryland’s 5th District, with long-time power broker Rep. Steny Hoyer retiring, the crypto PACs saw an opening.
Protect Progress & the Blockchain Leadership Fund poured over $5.5 million into backing state delegate Adrian Boafo… a pro-crypto candidate who has already introduced digital asset legislation at the state level.
In New York, these groups spent another $1.4 million to protect one of their own, Rep. Ritchie Torres, a co-founder of the Congressional Crypto Caucus.
The money wasn’t just to help him win… it was a warning shot to anyone else in the House thinking about challenging the industry.
These targeted investments ensure that the next wave of lawmakers in Washington will be crypto-friendly… bought and paid for before they even cast their first vote.
2024: Buying the Presidency
But this isn’t a new strategy…
The 2024 presidential election was the beta test… and the results were so successful it’s now the official playbook.
Why was this?
Because for the first time since the inception of blockchain & crypto, there was a substantial number of Americans interested in this asset class.
Estimates place the number of crypto holders in the U.S. as between 50-80 million during the 2024 presidential election cycle… that is a significant voting block.
But, there was also another phenomenon taking place simultaneously…
During that cycle we saw the rise of crypto backed super PACs like Fairshake that spent a staggering $134 million to support pro-crypto candidates.
Talk about a war chest…
These funds were more than one-third of all corporate political spending in the entire election.
Fairshake alone raised over $200 million, making it second only to a major pro-Trump super PAC in terms of funding.
This wasn’t just about random candidates either… this money was laser-focused.
They targeted House races in Maryland, New York, Texas, and Alabama, as well as Senate contests in California, Indiana, and West Virginia.
They created a “crypto voter” block…an emerging constituency where polls showed 1-in-7 voters said a candidate’s stance on crypto was a critical factor in their decision.
The result?
Crypto cash helped propel their chosen allies to victory.
The 2024 election proved that overwhelming financial force could not only protect incumbents, but also install a new generation of lawmakers.
Watch Me Discuss The Election Influence of Crypto
PAC: The System’s Legal Loophole
In order to fully appreciate how PACs influence our political system… it’s important to understand exactly what they are.
Before I begin… I want to state for the record that I am not a fan of PACs and how they influence political candidates at all levels…
As far as I’m concerned… the use of money in this fashion, should be completely removed from politics!
Okay… enough of that…
So, what are PACs?
A Political Action Committee (PAC) is a legal entity created to raise and spend money to influence elections.
While traditional PACs have strict donation limits, the game changed in 2010 with the Citizens United Supreme Court decision.
This ruling birthed the Super PAC, which can raise and spend unlimited amounts of money.
The only rule… they can’t donate directly to a candidate.
Instead, they spend their massive war chests on “independent expenditures”…
What are independent expenditures?
They’re things like ads… mailers… and voter outreach campaigns.
This is the loophole the crypto industry is exploiting.
They aren’t just donating… they’re running independent parallel campaigns that often outspend the actual candidates.
They’re goal is to shape public opinion and election outcomes from the shadows.
It’s a legal way to buy an election… and the crypto industry is now its master.
The Ultimate Goal: The Clarity Act
So why spend all this money?
The ultimate goal is to get legislation passed.
Seems extreme, right?
Not really… just look at the fight currently raging in DC around a landmark piece of legislation labeled the Clarity Act.
The fight is on to get this piece of legislation through Congress before the July 4th recess.
Some in the industry see the CLARITY Act as the industry’s holy grail…
For the record… I’m not one of them!
This legislation would create a regulatory framework for digital assets… a framework, that in my opinion, would be horrible for crypto users and developers.
But, as with most things in DC… getting this legislation passed is a fight…
With who?
The old guard… the banking industry.
The American Bankers Association is mounting an all-out assault… sending over 8,000 letters to senators in a single week to kill a key provision that would allow stablecoins to pay yield.
This isn’t about principle… it’s a direct assault on the banks’ business model, as a yield-bearing stablecoin is a direct competitor to a traditional bank deposit.
While industry groups like The Digital Chamber fly in lobbyists to press senators directly… the PAC money does the real work by ensuring the senators and representatives they’re talking to are either already on their side… or terrified of being their next target.
Banks are so worried about losing their grip to this technology that they are even building their own closed blockchain.
Thanks to these crypto PACs, the money and the lobbying have become a two-front war designed to achieve the desired outcomes of the crypto industry.
Want To Know Why Banks Are Fighting Against The CLARITY Act – Watch This Video
PACs: A New Kingmaker
Let’s be clear about what we are witnessing…
The crypto industry has decided that lobbying and asking for a seat at the table is for suckers.
Instead, they are building the table themselves and deciding who gets to sit at it.
With a 95% success rate… a $150 million war chest… and a clear legislative target… they are the undisputed new kingmakers in American politics.
Their success shows a fundamental flaw in a system that allows unlimited corporate money to drown out the voice of the average voter.
As we’re witnessing in real time, real power is being auctioned off in primary elections across the country… and the crypto industry is the highest bidder.
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