Musk Donates $85.1M, Crypto Industry Invests Record $160M in 2026 U.S. Midterm Elections

According to Washington Post analysis of Federal Election Commission data, as of June 26, the crypto industry has become one of the largest political funding forces in the 2026 midterm election cycle, collectively contributing over $160 million. Coinbase led institutional crypto donors with $56.1 million, followed by Ripple Labs with $49.6 million, Foris Dax (Crypto.com's parent company) with $38.6 million, and Gemini founder Tyler Winklevoss with $26.6 million in personal donations.

Among top individual donors, tech billionaires dominate: George Soros ($102 million), Andreessen Horowitz partners ($91.2 million), Elon Musk ($85.1 million), and OpenAI co-founder Greg Brokman ($50 million). The top 50 donors have invested $1.368 billion total in the election cycle, with Republican-leaning donors contributing $884 million versus $284 million from Democratic-leaning donors.