--- title: "Crypto industry spends about $176 million across more than 100 midterm races" description: "The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending cited by…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-crypto-midterm-election-spending-reaches-b3ccfbc309c49e" published: 2026-10-27T14:35:08.000Z updated: 2026-10-27T15:37:07.000Z indexable: true --- # Crypto industry spends about $176 million across more than 100 midterm races The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending cited by… Attributed sources: [Bitcoin Magazine]() ## Key facts The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending cited by Bitcoin Magazine. Fairshake and its affiliates had spent about $150.8 million through October 20, while other crypto groups spent around $25 million. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine). After site detection, observed returns were 5 minutes: +0.04% (Oct 27, 2026, 14:35 → Oct 27, 2026, 14:40, UTC; Gate · USDT); 1 hour: +0.17% (Oct 27, 2026, 14:35 → Oct 27, 2026, 15:35, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff Oct 27, 2026, 14:35, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.04% | +0.04% | 0.00 pp | Oct 27, 2026, 14:35 → Oct 27, 2026, 14:40 | Gate · USDT | | 1 hour | +0.17% | +0.17% | 0.00 pp | Oct 27, 2026, 14:35 → Oct 27, 2026, 15:35 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.01% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 27, 2026, 14:35 | ## Claims and open questions - Through October 20, Fairshake and its affiliate PACs had spent about $150.8 million this year, while other crypto groups spent around $25 million, Bitcoin Magazine reported. - Fairshake said 53 of the 58 candidates it backed in primaries or special elections won, and those candidates will be on the November 3 ballot, per Reuters. - Whether the roughly $176 million total will be updated in a later filing or review, and what the final cycle figure would be. - How much of the Fairshake-linked spending goes toward ads that explicitly mention crypto, as opposed to the taxes and immigration themes described. ## Source evidence - [Crypto Midterm Election Spending Reaches $176 Million as Industry Builds for the Next Congress]() — Bitcoin Magazine; published Oct 27, 2026, 14:34; received Oct 27, 2026, 14:35 (UTC). ## Recent BTC events and market reactions - [Luxor raises $16 million to expand AI compute trading and hardware business]() — Published Oct 27, 2026, 13:01 (UTC) · Multiple publishers (5 publishers) · Market watch · 5m -0.13% / 1h -0.37% - [Bitcoin trades below $80,000 as analysts flag near-term weakness]() — Published Oct 27, 2026, 12:00 (UTC) · Single source (1 publisher) · General news · 5m -0.02% / 1h +0.54% - [Electrum patches flaw that let rogue servers redirect fee-bumped payments]() — Published Oct 26, 2026, 17:41 (UTC) · Single source (1 publisher) · Security · 5m -0.12% / 1h -0.13% - [South Korea weighs fourth delay of 22% crypto tax to 2029]() — Published Oct 26, 2026, 14:06 (UTC) · Single source (1 publisher) · General news · 5m +0.31% / 1h +0.98% / 24h +0.44% - [Strategy pauses bitcoin purchases, spends $204.9 million buying back STRC]() — Published Oct 26, 2026, 13:23 (UTC) · Multiple publishers (4 publishers) · General news · 5m -0.24% / 1h -0.03% / 24h +0.24% - [Full coin archive]() ## Research for this archive - [Do Bitcoin ETF flows predict the price? 684 days of daily flows]() - [Bitcoin institutional adoption: CME, spot ETFs and SPY correlation]() - [XRP lawsuit and Ethereum ETFs: reading SEC filings and rulings]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()