Crypto Sector Donates $471 Million to U.S. Elections, $302 Million to Republicans

The crypto sector, including companies and individuals associated with it, has donated at least $471 million for the 2026 midterm elections in the U.S. This amount is nearly double the approximately $250 million donated in the 2024 elections. Of the donations, $302 million went to Republican candidates and affiliated groups, while $96 million went to Democrats. These figures accounted for about 65% and 21% of the total donations, respectively. In corporate donations, Andreessen Horowitz (a16z) topped the list with $117 million, followed by Coinbase with $61 million, Ripple with $50 million, and Crypto.com with $39 million. Among individual donors, the highest amount was $28 million from Reid Hoffman, co-founder of LinkedIn. Lee Eun-jin, the Asia-Pacific sales director of Ripple, stated that approximately $30 trillion worth of assets are expected to be moved to blockchain by 2030. Lee emphasized that traditional financial institutions need to work with blockchains for stablecoins to be used in daily financial transactions. He also expressed that even if stablecoins are used in cross-border transactions, payments must be convertible to local currencies.

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