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Americans Skeptical of Tech PACs in Midterms
Description
Crypto and AI industries are heavily investing in the 2026 midterms, but a new poll shows Americans are skeptical. Forty-five percent deem crypto investments risky, and forty-four percent believe AI is advancing too fast. Most trust traditional banks over crypto platforms, and a majority want strict AI regulations. Pro-AI group Leading the Future has raised over seventy-five million, while Fairshake, backed by big crypto players, has spent twenty-eight million. Voters are showing skepticism towards candidates tied to PACs pushing lighter AI regs. Both sectors are increasing lobbying efforts, with OpenAI and Anthropic hitting record spends, and crypto fighting for the CLARITY Act. Despite being unknown to most, these PACs could face backlash once voters link the cash to crypto or AI, potentially flipping races.
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