Crypto Groups Spend $176M Ahead of US Midterms

The scale of this spending shows crypto policy has become a mainstream electoral issue rather than a niche lobbying concern, with industry groups effectively treating control of Congress as the decisive variable for digital-asset legislation. The outcome matters most for firms whose business models depend on pending regulatory frameworks, since the chamber balance will shape what, if anything, reaches a vote. Whether this level of expenditure becomes a recurring feature of US election cycles is the open question.