(DCNF)—The crypto industry poured nearly $200 million so far into candidates backing the Digital Asset Market Clarity (CLARITY) Act, which was the industry’s biggest legislative priority.
Cryptocurrency companies contributed $189 million as of Jun 30 toward influencing the 2026 midterm elections. The crypto industry gave money to MAGA Inc., a Cantor Fitzgerald-aligned PAC and spent on candidates from both parties who supported their industry in the 2026 election cycle, particularly supporters and co-sponsors of the Clarity Act.
The Clarity Act would establish a regulatory framework for cryptocurrency and digital assets. Critics, particularly the banking industry, argued the legislation would create loopholes that threatened the financial safety of state and local banks.
Coinbase and Ripple Labs primarily donated to outside groups, including pro-crypto super PACs Fairshake and Protect Progress, who then spent on independent expenditures to support or oppose candidates in the 2026 cycle. Ripple Labs contributed approximately $49 million in the 2026 election cycle, while Crypto.com spent $38.6 million and Coinbase spent $35.2 million, with the majority of that money going to Fairshake, according to a Public Citizen reported published on June 30.
Coinbase is the largest cryptocurrency exchange based in the U.S.
Coinbase lobbying hit $1.07 million in the first quarter of 2026, which included provisions of the Clarity Act.
As of June 30, Fairshake, which is primarily funded by Coinbase and Ripple Labs, received almost $137 million in the 2026 cycle and still had about $127 million on hand. It spent at least $51 million on two affiliated super PACs, Protect Progress and Defend American Jobs.
Fairshake spent a total of $10 million in independent expenditures to oppose Democratic Illinois Lt. Gov. Juliana Stratton during her U.S. Senate campaign, according to the Federal Elections Commission (FEC). It also spent over $2.4 million to oppose Democratic Illinois Rep. La Shawn Ford’s congressional campaign and over $817,000 in independent expenditures against Democratic Illinois state Rep. Robert James Peters.
Crypto groups opposed Stratton because of her alignment with Democratic Illinois Gov. J.B. Pritzker, who signed legislation in June to place a 0.2% tax on crypto transactions. Ford supported this legislation and issued a cease-and-desist letter over the industry’s ads against him.
Crypto.com largely gave money to MAGA Inc., the main super PAC supporting President Donald Trump and aligned candidates, in the 2026 cycle. In the cycle thus far, MAGA Inc. received $35 million from Foris Dax, the owner of Crypto.com.
Trump and most congressional Republicans largely supported the Clarity Act.
Coinbase gave $2.5 million to Protect Progress and Defend American Jobs, according to OpenSecrets. It also gave money to Future Forward USA, the House Majority PAC, the Senate Majority PAC and the Congressional Leadership Fund.
Fairshake affiliate Protect Progress, which specifically supports Democratic candidates, spent over $26 million on independent expenditures between Jan. 1 and July 31 on mostly pro-crypto Democratic candidates, according to FEC records. It spent $5.3 million in independent expenditures in support of Boafo, $6.4 million for Menefee, $4.2 million for Clark, $1.4 million for Democratic New York Rep. Ritchie Torres and over $1 million for Democratic Virginia Rep. James Walkinshaw. All of these candidates and elected officials either supported the Clarity Act.
Coinbase, Crypto.com, Ripple, Barr, Moore and Torres did not respond to the Daily Caller News Foundation’s request for comment.
Protect Progress spent over $119,000 in independent expenditures to oppose Stratton and over $47,000 opposing Democratic Texas Rep. Al Green, according to FEC records.
Between Jan. 1 and June 30 pro-crypto super PAC Defend American Jobs spent over $33 million on pro-crypto Republican candidates, according to the FEC. It spent over $12 million in support of Moore, $7.1 million on Barr, $1.6 million on Republican Florida Rep. Randy Fine, over $771,000 to Republican Texas congressional candidate Jessica Hart Steinmann and over $735,000 to Republican Oklahoma Rep. Kevin Hern, according to FEC records. Defend American Jobs specifically supports Republican candidates.
Defend American Jobs, an affiliate of Fairshake, spent over $12 million in independent expenditures for Republican Alabama Rep. Barry Moore, $7.17 million for Republican Kentucky Rep. Andy Barr, $4.21 million for Democratic Georgia state Rep. Jasmine Clark, $5.2 million for Democratic Maryland state Rep. Adrian Boafo and $6.47 million for Democratic Texas Rep. Christian Menefee, according to FEC records.
Moore, Menefee and others supported by Fairshake also expressed support for the legislation.
Stand with Crypto endorsed 32 House candidates on Monday, including House Majority Whip Tom Emmer of Minnesota and Democratic New Jersey Rep. Josh Gottheimer. It also endorsed Republican Reps. Brian Fitzpatrick of Pennsylvania and Juan Ciscomani of Arizona, who will both face competitive races in November.
Fine, Hern, Emmer, Fitzpatrick, Ciscomani and Torres voted to pass the Clarity Act in July 2025, according to a roll call vote.
Banks expressed concerns about whether crypto firms should be allowed to offer rewards programs that pay yield to customers who hold stablecoins, a form of cryptocurrency designed to maintain a value of $1. The industry was worried that crypto rewards programs could lead customers to pull billions of dollars out of checking and savings accounts, which would threaten their business model.
Digital Chamber, Coinbase and the Blockchain Association, Stand with Crypto, Kraken and Andreessen Horowitz have lobbied for the legislation. Coinbase CEO Brian Armstrong said the legislation was a “win” for the “future of America as a global leader for finance, innovation, and national security.”
Several banking organizations, including JP Morgan Chase, the American Banking Association and the Community Bankers Association, lobbied against the bill. JPMorgan Chase CEO Jamie Dimon opposed the bill, arguing against its treatment of stablecoin yields and its lack of legal protections.
“It allows cryptocurrency firms to effectively pay interest on deposits — stablecoins or something like that — without the protection that they should have,” Dimon said. “It has almost no legal protections,” Dimon said on Fox Business in May.
The Senate left for August recess without passing the Clarity Act. The crypto industry and members of Congress looked to August as a key deadline for passing the legislation. Senate Majority Leader John Thune announced the legislation would reach the floor in September.
Some Republican senators, including Sens. Josh Hawley of Missouri and John Curtis of Utah, were hesitant to support the legislation due to the bank industry’s concerns.
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.