Protect Progress (Crypto industry) spent $30M on independent expenditures in the 2026 federal elections, and 100% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 91% were on the winning side ($25M won, $2.4M lost, with $535K in races still being counted). $2.5M had no matched result and is excluded.
Outside spending
$30M
Winning share of scored dollars
91%
$27M scored (90% of spending); $2.5M unknown
On the losing side
$2.4M
$535K still being counted
Supporting vs attacking
91% / 9%
$27M for, $2.8M against
Google says Protect Progress also spent $414K on Google and YouTube ads this cycle (1% of its FEC-reported outside spending). All ad buyers →
Follow the money
Who filled the envelope
- Ripple Labs Inc.Company$250K (100%)
Where the money went
| Candidate | Race | Spending | Amount | Won? |
|---|---|---|---|---|
| Adrian Boafo | Maryland 5th District (primary) | Supporting | $5.3M | ✓ Yes |
| Christian Menefee | Texas 18th District | Supporting | $4.9M | ✓ Yes |
| Jasmine Clark | Georgia 13th District (primary) | Supporting | $4.2M | ✓ Yes |
| Oliver Gilbert | Florida 24th District (primary) | Attacking | $2.1M | ✗ No |
| Shri Thanedar | Michigan 13th District (primary) | Supporting | $1.8M | Unknown |
| Christian Menefee | Texas 18th District (primary) | Supporting | $1.6M | ✓ Yes |
| Ritchie Torres | New York 15th District (primary) | Supporting | $1.4M | ✓ Yes |
| James Walkinshaw | Virginia 11th District | Supporting | $1.0M | ✓ Yes |
| Melissa Bean | Illinois 8th District (primary) | Supporting | $557K | ✓ Yes |
| Aisha Wahab | California 14th District | Supporting | $535K | Counting |
| April McClain Delaney | Maryland 6th District (primary) | Supporting | $516K | ✓ Yes |
| Josh Gottheimer | New Jersey 5th District | Supporting | $512K | ✓ Yes |
Questions people ask
- How much did Protect Progress spend in 2026, and did it win?
- Protect Progress (Crypto industry) spent $30M on independent expenditures in the 2026 federal elections, and 100% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 91% were on the winning side ($25M won, $2.4M lost, with $535K in races still being counted). $2.5M had no matched result and is excluded.
- Who funds Protect Progress?
- Its biggest reported donors in the 2026 cycle were Ripple Labs Inc. ($250K), out of $250K received from donors tracked here.
- Which candidates did Protect Progress spend the most on in 2026?
- for Adrian Boafo (Maryland 5th District, $5.3M, won); for Christian Menefee (Texas 18th District, $4.9M, won); for Jasmine Clark (Georgia 13th District, $4.2M, won).