The crypto and AI industry raised $250 million in the past year for the US midterm elections.

According to a report by the Financial Times, as reported by ChainCatcher, an analysis of campaign finance records shows that the cryptocurrency and AI industries have collectively raised approximately $250 million in the past year to support congressional candidates in the US midterm elections this November. A16z co-founders Marc Andreessen and Ben Horowitz donated a combined $25 million in February to Leading The Future, a super PAC that supports AI-friendly candidates. This organization raised approximately $75 million from billionaires including the two founders and OpenAI co-founder Greg Brockman; if non-profit organizations that don't require disclosure of donors are included, the figure rises to $140 million. Fairshake, the largest super PAC in the crypto industry, has raised over $134 million on its own. In January of this year, Cantor Fitzgerald, a Wall Street firm formerly headed by current U.S. Commerce Secretary Howard Lutnick and currently managed by his son Brandon, and with a partnership with Tether, donated $10 million to the pro-crypto Super PAC Fellowship. Anchor Labs, the parent company of a major crypto platform, also made an additional $1 million donation to the Fellowship PAC. In March, Musk donated $1.6 million to his America PAC, a significant reduction in his involvement compared to 2024—when he invested over $250 million across various PACs. Anthropic pledged $20 million to the non-profit organization Public First Action, which has already allocated some funds to Super PACs to influence the 2026 election. The company holds a unique position within the industry, explicitly advocating for strict federal AI safety regulations, which diverges from most other players in the AI industry.