Reuters: New sectors shift Washington's influence

The 2026 US midterm elections saw an unprecedented surge in corporate and organizational spending on political campaigns, with expenditures reaching $517 million by the end of the first quarter. This amount exceeded the previous record set in 2024, which was $461 million. The most heavily funded sectors were cryptocurrency, technology, and online betting, collectively contributing over $294 million of the total spending. Cryptocurrency companies alone accounted for approximately $189 million through June 2026. These sectors aim to support candidates who align with their interests, regardless of party affiliation, amid growing discussions about their regulation—such as taxation, regulation, and data protection. This expenditure reflects these emerging sectors' efforts to bolster their political influence, despite criticism warning that the influx of money could distort policy agendas away from citizens' primary concerns. It is also anticipated that spending on electoral advertising will reach $11.6 billion, surpassing levels seen in previous election cycles.

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