The U.S. crypto industry has significantly increased its political spending this election cycle, surpassing traditional giants such as oil and gas, pharmaceuticals, and some Wall Street powerhouses. The industry's total election spending has reached at least $238 million, with contributions making up 44% or $119 million of corporate contributions in the 2024 election campaigns. This substantial financial involvement highlights the crypto industry's growing influence and efforts to ensure their interests are represented in political decisions. Despite the heavy spending, crypto firms avoid mentioning 'crypto' in their ads due to public skepticism and hostility towards the industry. Experts note that this strategic spending is not limited to the current elections, as firms have already begun investing in the 2026 election cycle. The industry's ad spending has exceeded $100 million, according to experts like James Delmore and Rick Claypool.