The crypto industry is pouring millions into this year’s midterm elections to secure more allies in Congress.

Reuters reported Tuesday that the industry has spent roughly $176 million across more than 100 congressional races this election cycle.

The spending spree is part of a broader strategy to maintain the industry’s political influence after crypto-friendly President Donald Trump leaves office in 2029, according to the report. It also comes as Democrats have a strong chance of retaking the House in November, potentially bringing greater regulatory scrutiny to the industry.

While the industry is backing candidates on both sides of the aisle, Republicans have generally been more supportive of crypto—especially Trump, whose family made roughly $2.3 billion from crypto ventures between mid-2024 and April 2026, according to a separate Reuters investigation.

In contrast, the Biden administration took a tougher stance on crypto, particularly following the collapse of FTX in 2022.…