Crypto lobbying groups have spent about $176 million on more than 100 congressional races ahead of the U.S. midterms, according to a Reuters review, though past election spending has not always produced the laws the industry wanted. The Senate failed on Sept. 15 to advance the Clarity Act, which got only 49 of the 60 votes needed, mainly over ethics rules for officials profiting from crypto. Fairshake, the industry's largest super PAC, spent $150.8 million through Oct. 20, and 53 of its 58 backed candidates in primaries and special elections won. The article notes Bitcoin rose 155% in 2023, a year the SEC brought 46 enforcement actions against crypto actors, suggesting markets can grow without friendly regulation. It argues fears of a crypto ban or burdensome rules are usually overblown.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/31/2026 | 2,255.66 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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