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U.S. crypto industry pours nearly $200 million into midterm elections with XRP, Bitcoin, and Hyperliquid in focus

9/7/2026

Against the backdrop of the 2026 U.S. midterm elections, the crypto industry has committed nearly $200 million to political spending.

That concentration of lobbying has focused the investment case on three tokens seen as most exposed to the regulatory outcomes: XRP (CRYPTO: XRP), Bitcoin (CRYPTO: BTC), and Hyperliquid (CRYPTO: HYPE).

XRP and the legislative read-through for banking rails XRP currently trades at $1.40, down 60% from its summer 2025 highs.

The read-through for this token runs to the Digital Asset Market Clarity Act, pending legislation that would remove the regulatory uncertainty keeping some banks and financial institutions from using Ripple's blockchain-based payment network.