Crypto election donations from industry-linked executives have exceeded $56 million in the 2025–2026 US election cycle, as early voting gets underway ahead of the November 3, 2026 midterms. The money has gone to candidates, party committees and political groups across both major parties.
Key Takeaways
- The disclosed total includes some contributions made through affiliated entities but excludes donations to political nonprofits that do not have to disclose donors.
- Chris Larsen and the Winklevoss twins are among the largest individual donors identified.
- Some contributions support crypto-friendly candidates, while others go to groups focused on issues including energy and artificial intelligence.
How crypto election donations are being directed
Federal filings show that crypto executives have supported candidates and super political action committees, or super PACs, that can raise and spend unlimited sums. Their contributions form part of an industry political effort described as a $175 million blitz in the current cycle.
The disclosed totals cover contributions to candidates, party committees and PACs, including certain donations through affiliated entities. They do not capture donations to political nonprofits that are not required to disclose their donors.
| Item | Details |
|---|---|
| Cameron and Tyler Winklevoss | Nearly $13 million each, mostly to MAGA Inc. |
| Chris Larsen | At least $14.6 million, mostly to Democratic-aligned and issue-focused groups. |
| Brian Armstrong | Roughly $1 million, split roughly evenly between parties. |
| Marc Andreessen | $3 million to MAGA Inc and roughly $719,000 in other contributions, mostly to Republican-leaning recipients. |
| Mike Novogratz | At least $1.9 million, mostly to Democratic-leaning and independent expenditure groups. |
| Chris Dixon | Roughly $867,000 across candidates, committees, leadership PACs and crypto-related groups. |
Major donors support different political groups
Gemini co-founders Cameron and Tyler Winklevoss have each contributed nearly $13 million, mostly to MAGA Inc, a super PAC supporting President Donald Trump. They are also the primary backers of the Digital Freedom Fund, which has spent money opposing Ohio Senate candidate and crypto skeptic Sherrod Brown.
Ripple Labs co-founder Chris Larsen has spent at least $14.6 million, mostly on Democratic-aligned and issue-focused groups. His contributions include $6 million to the Invest in Tomorrow Coalition, which supports candidates backing renewable energy, and $4.5 million to You Can Push Back PAC, which focuses on artificial intelligence safety.
Coinbase CEO Brian Armstrong has contributed roughly $1 million to federal candidates, party committees and PACs, split roughly evenly between the two parties. Other donors have favored Republican or Democratic groups, while some have supported candidates and committees on both sides.
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