Cryptocurrency Sector Increases Political Spending Ahead of Midterms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy COIN?
Source: Benzinga
- Increased Political Spending: The cryptocurrency sector is ramping up its political expenditures ahead of the 2026 midterm elections, with Fairshake super PAC announcing it raised $191 million last month, highlighting the industry's focus on influencing policy.
- Funding Source Analysis: According to FEC filings, Fairshake raised $132.83 million in 2025, and combined with unused funds from the 2024 cycle, its total exceeds $190 million, indicating the financial strength of the industry in political activities.
- Competing PAC Status: The Bitcoin Freedom PAC entered 2026 with $78,667 in cash on hand, which, while relatively modest, still reflects the cryptocurrency sector's intent to engage in the political arena.
- Legislative Obstacles: The crypto market structure bill remains stalled in the Senate due to discord among top PAC backers, which could impact the industry's regulatory outlook and policy development.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 141.090
Low
230.00
Averages
361.63
High
440.00
Current: 141.090
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Allocation Recommendations: BlackRock, the world's largest asset management firm, suggests a Bitcoin allocation of 1% to 2% in multi-asset portfolios, indicating a cautious approach towards quantum computing risks.
- Legislative Outlook: O'Leary anticipates that cryptocurrency market structure legislation will be passed before the midterm elections, potentially providing a clearer regulatory framework for Bitcoin investments.
- Price Dynamics: As of now, Bitcoin is trading at $68,166.08, reflecting a 0.27% decline over the last 24 hours, indicating market reactions to the uncertainties posed by quantum computing.
See More
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- Ethereum's Weak Performance: Ethereum crept up to $2,000 overnight; however, its trading volume plummeted by 40% over the last 24 hours, reflecting waning investor interest and a decline in its market dominance.
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See More
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- Valuation Disparity for Robinhood: Eisman emphasized the stark valuation disparity between Robinhood and its established competitors, suggesting that the company has little room for error, and any missteps could severely affect its future growth prospects.
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See More
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- Inflation Data Decline: The U.S. consumer price index rose 2.4% year-on-year in January, down from 2.7% in December, with core CPI at 2.5%, the lowest since April 2021, suggesting that if this trend continues, it could pave the way for lower interest rates and positively impact markets.
- Japan's Economic Recovery: Japan's GDP grew by 0.1% in the fourth quarter, missing the expected 0.4% but reversing a 0.7% contraction in the previous quarter, indicating potential for economic recovery and avoiding a technical recession.
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See More
