The Crypto and AI industries raised $250 million over the past year for the US midterm elections

BlockBeats News, April 16th, according to the Financial Times, the cryptocurrency and AI industries have jointly raised about $250 million in the past year to support congressional candidates in the November midterm elections.

Andreessen Horowitz co-founders Marc Andreessen and Ben Horowitz donated a total of $25 million in February this year to the Super Political Action Committee (Super PAC) "Leading The Future" to support AI-friendly candidates. The organization raised about $75 million from billionaires including the two mentioned above and OpenAI co-founder Greg Brockman; when including "dark money" non-profit organizations that do not disclose donors, the number rises to $140 million. The largest Super PAC in the crypto industry, Fairshake, has raised over $134 million separately.

In January this year, the Wall Street firm Cantor Fitzgerald, formerly led by current US Secretary of Commerce Howard Lutnick and currently managed by his son Brandon with ties to Tether, donated $10 million to the pro-crypto Super PAC Fellowship; the major crypto platform's parent company, Anchor Labs, also made an additional $1 million donation to Fellowship PAC.

In March, Musk donated $1.6 million to his America PAC, a significant reduction from his involvement in 2024 when he contributed over $250 million to various PACs. Anthropic pledged $20 million to the non-profit organization Public First Action, which has redirected some funds to Super PACs to influence the 2026 elections. The company has a unique position in the industry, explicitly calling for the establishment of strict federal AI safety regulations, putting it at odds with most industry participants.