The encryption industry’s $135 million political investment has yielded astonishing victories.

In the recent U.S. elections, the Crypto Assets industry demonstrated an astonishing political influence. It is reported that the industry invested approximately $135 million in the 2024 U.S. election cycle, supporting over 50 candidates from various parties and backgrounds. These candidates, although different, achieved remarkable results in the elections on November 5.

As of Friday noon local time, all 48 candidates supported by the largest political action committee in the Crypto Assets industry have announced their victory. In the eight elections where the votes have not yet been counted, the candidates supported by the committee are also leading in most of the elections.

Interestingly, the campaign ads of these candidates hardly touched on Crypto Assets or related regulatory issues, which may come as a surprise to some voters. However, their main campaign tool, Fairshake, has become the largest single-issue super PAC in history. Fairshake has received funding from several giants in the encryption industry, along with two other related super PACs (Defend American Jobs and Protect Progress).

According to data from consumer rights protection organizations, the political influence of the encryption industry has surpassed that of many traditional corporate donors. Since the Supreme Court lifted restrictions on corporate political spending in 2010, the industry ranks second only to the fossil fuel industry in terms of total amount invested.

This election result will undoubtedly serve as a strong proof of the political influence of the Crypto Assets industry. Industry insiders are actively promoting this achievement, viewing it as compelling evidence that the industry has become a political force that cannot be ignored. At the same time, they are preparing for the next legislative session and the 2026 midterm elections, demonstrating a long-term political strategy.