Story perspectives

Crypto pumps $200 M into 2026 race, Trump nets $1.4 B

7/20/2026

Summary

Story summary

The U.S. crypto industry has spent nearly $200 million to influence the 2026 elections.
Congress approved the industry-friendly GENIUS Act last year, passing it in both chambers.
U.S. President Donald Trump disclosed earnings of more than $1.4 billion from crypto ventures in 2025.
Lawmakers are debating the CLARITY Act, which would shift crypto oversight to a weaker regulator despite critics’ warnings of reduced investor protections and corruption risks.

1 of 1

Story summary

The U.S. crypto industry has spent nearly $200 million to influence the 2026 elections.
Congress approved the industry-friendly GENIUS Act last year, passing it in both chambers.
U.S. President Donald Trump disclosed earnings of more than $1.4 billion from crypto ventures in 2025.
Lawmakers are debating the CLARITY Act, which would shift crypto oversight to a weaker regulator despite critics’ warnings of reduced investor protections and corruption risks.