Crypto and AI PAC midterm spending mostly falls short
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Super PACs in the crypto and artificial intelligence industries spent $250 million in the 2026 US midterm elections trying to influence the election results of lawmakers related to regulation, but suffered widespread losses in competitive districts. According to statistics from 12 competitive districts with published results, candidates backed by these super PACs lost 9. The losing side spent $74.7 million, while the winning side spent only $28.3 million.
AI overview based on source reports · Updated 2 days ago
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- Hacker News AICrypto and AI's $250M election goes sideways
Crypto and AI companies spent $250 million in the midterms, but of the twelve competitive races called so far, the side backed by crypto and AI super PACs lost nine, spending $74.7 million on losing sides versus $28.3 million on winning ones. Losses included the Ohio Senate race, where Democrat Sherrod Brown overcame more than $64 million in crypto money, and South Carolina's Senate race, where Annie Andrews beat Darline Graham despite nearly $4.1 million in AI money. In the 40 safe races with crypto or AI PAC spending called so far, their picks went 40 for 40.
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