Bipartisan midterm spending records revealed
The gist
Elon Musk leads 2026 midterm donors with $446 million, as 40 top donors gave $2.5 billion.
Record megadonor cash, led by crypto, is reshaping who funds Congress races.
How it unfolded
- Oct 26, 2026Data on the 50 largest donors is based on Federal Election Commission filings reported as of this date, tracking major contributions to federal political committees since Jan 1, 2025.
- Oct 27, 2026Reuters reports the crypto industry has spent roughly $176 million across more than 100 midterm races this cycle.
- Oct 27, 2026The Brennan Center reports just 40 of the biggest donors gave $2.5 billion through mid-October, a record high for this point in the midterms since Citizens United in 2010.