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Record $646M Corporate Donations in 2026 Midterms — 5dU.S. corporate political spending reached a record $646 million in the 18 months through June, led by crypto, online betting, and AI firms, with spending rising as policy battles over regulation intensify. The funding is increasingly funneled through layered PACs and dark-money nonprofits, reflecting a broader strategy to influence Congress ahead of ongoing and upcoming elections, highlighted by notable contributions from Koch-linked groups, tobacco, cannabis, and tech-adjacent firms.