Crypto and AI firms influence US elections

The article discusses the increase in financial spending by cryptocurrency companies, technology firms, and online betting entities in funding the 2026 U.S. midterm elections. Unprecedented expenditures reached $517 million over the past 15 months, surpassing the previous record of $461 million set for the 2024 cycle. This funding reflects the influence of a new class of wealthy individuals and billionaires from emerging sectors and raises concerns about a concentration of power that could overshadow more pressing issues for citizens, such as fuel prices and healthcare. Conversely, polls suggest there are limits to the impact of political money; progressive candidates are leveraging this sentiment in their campaigns. However, the level of spending still underscores the continuing influence of corporations and the wealthy on electoral policies.

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