Why Crypto PACs Are Pouring $200 Million Into The 2026 Midterms

An independent exercise, not a statement by the video creator or verification of every claim in the video.

Can a win rate reveal the effect of spending?

Use a hypothetical comparison, not the video’s figures. If 90 of 100 supported candidates win, the win rate is 90%. If a comparable group wins at 80%, the observed gap is 10 percentage points, but selection of already-strong candidates prevents assigning that gap to spending alone. Record the source of funds, spender, reporting period, support method and competitiveness before the election. Then track introduction, passage in both chambers, signing and implementation separately to avoid conflating election results with policy outcomes.

Check for yourself

1. How likely was this candidate to win without the support?
2. Is the amount a PAC donation, an independent expenditure or a direct candidate contribution?
3. Does the claimed policy result mean introduction, passage, signing or implementation?

Limits of application

The 100 candidates, 90%, 80% and 10 percentage points are hypothetical. Equivalent comparison groups have not been established; this exercise neither proves an improper exchange nor recommends a candidate.