Trump’s latest crypto dinner leaving bad taste in supporters’ mouths

Homepage > News > Business > Trump’s latest crypto dinner leaving bad taste in supporters’ mouths TL;DR: Crypto spent $13 million on D.C. lobbyists in early 2026, including $8 million on the failed CLARITY Act, while the $TRUMP memecoin announced a third holder dinner despite a ~97% price drop. Crypto PACs are targeting Sen. Sherrod Brown in Ohio and Stand with Crypto released a bipartisan slate of midterm endorsements. Key Takeaways: Crypto spent $13 million on D.C. lobbyists in 2026, including $8 million on the CLARITY Act, which failed in the Senate, so lobbyists got paid win or lose (mostly lose). Coinbase led lobbying spending at $2.2 million, followed by Andreessen Horowitz at $1.5 million. The latest $TRUMP dinner is leaving some supporters with indigestion, as the token trades about 97% below its peak. Fairshake and the Digital Freedom Fund are backing Jon Husted against Sherrod Brown, so the entire tech sector seems to want Brown dead politically. Stand with Crypto issued a bipartisan slate of endorsements for seven midterm candidates on September 30. Brief History: The CLARITY Act (H.R. 3633) is a U.S. bill introduced in 2025 to establish a clearer regulatory fra...