The November 3, 2026, midterm elections are on track to be the most expensive in US history, with the total cost projected at nearly $12 billion, according to OpenSecrets, an independent organization that tracks campaign finance.

Elon Musk has given $445 million to federal committees this year, surpassing his own record of nearly $300 million in contributions to conservative committees in 2024, while Ripple and Coinbase contributed a combined $63 million to super PACs promoting the crypto industry.