Midterms expose crypto PAC impotence; Dems plan Trump probes

Homepage > News > Business > Midterms expose crypto PAC impotence; Dems plan Trump probes TL;DR: Crypto PACs including Fairshake spent $154.5 million in the 2026 midterms, yet many of their targets still won, including Sherrod Brown in Ohio. The results could give Democrats, who are poised to take control of Congress, greater momentum to pursue a broader crypto market structure bill that includes ethics provisions targeting Trump’s crypto ventures. At the same time, incoming committee leaders are signaling plans for investigations, with Justin Sun’s legal fight with World Liberty Financial potentially offering lawmakers a useful witness. Key Takeaways: Crypto PACs have largely gone silent after spending a fortune in the midterms for little electoral payoff Dems to issue own version of CLARITY in 2027 that would build on Maxine Waters’ Crypto Investor and Consumer Bill of Rights and add the ethics provisions around Trump’s crypto activities that Senate Republicans rejected. Could Dems flip Justin Sun into dishing dirt on Trump crypto projects? Crypto campaign millions couldn’t buy results in the United States midterms, while newly empowered Democrats are looking at both new...