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Elizabeth Warren says 'dark money' groups linked to crypto, AI 'spending millions' to 'hand-pick' Congress members

· · 2 min read
Elizabeth Warren speaks to a crowd of over 2,000 people in the gymnasium at Wakefield High School
Elizabeth Warren speaks to a crowd of over 2,000 people in the gymnasium at Wakefield High School

Sen. Elizabeth Warren (D-Mass.) criticized political action committee spending during elections on Monday, including spending by the cryptocurrency lobby. ‘Fight To Unrig This Broken System’ Warren said on X that “dark money groups” are “spending millions” to influence the selection of congressional representatives. She targeted groups tied to AI, cryptocurrency and the American Israel Public Affairs Committee—the bipartisan political lobbying...

Sen. Elizabeth Warren (D-Mass.) criticized political action committee spending during elections on Monday, including spending by the cryptocurrency lobby.

‘Fight To Unrig This Broken System’

Warren said on X that “dark money groups” are “spending millions” to influence the selection of congressional representatives.

She targeted groups tied to AI, cryptocurrency and the American Israel Public Affairs Committee—the bipartisan political lobbying organization that advocates for pro-Israel policies.

“We must elect fighters who reject corporate PAC money and will fight to unrig this broken system,” the senior lawmaker said.

AIPAC didn’t immediately return Benzinga’s request for comment.

Read Also: Elizabeth Warren Says Trump's 'Big Beautiful Bill' Hands '$1 Trillion+' in Tax Breaks to the Top 1%

Crypto Leads Corporate Spending In Midterms

A report published at the end of June found that cryptocurrency, artificial intelligence, Big Tech and online betting corporations collectively spent over $290 million in the 2026 U.S. midterm elections.

Cryptocurrency accounted for over one-third of total corporate spending, led by Ripple (CRYPTO: XRP) and Coinbase Global Inc. . The cryptocurrency industry emerged as a dominant lobbying force in the 2024 elections. The primary vehicle for this spending was Fairshake PAC, a bipartisan super PAC, that ended up spending over $40 million in the election cycle.

Federal filings show Fairshake had already blown past that number—over $74 million spent by May 31.

Supreme Court Ruling At The Heart Of The Issue

Warren’s criticism mirrors that of Sen. Bernie Sanders (I‑Vt.), who is equally outspoken against big money in politics.

He is unequivocal in his belief that the Supreme Court’s Citizens United ruling must be overturned. The decision lifted numerous campaign finance laws, enabling corporations, super PACs and outside organizations to spend an unlimited amount of money on elections.

Read Also: CleanSpark Stock Rises as Bitcoin Hits 2-Month High and Data Center Deals Lift AI Infrastructure Names

Photo Courtesy: Bryan J. Scrafford on Shutterstock.com

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article Elizabeth Warren Says 'Dark Money' Groups Linked to Crypto, AI 'Spending Millions' to 'Hand-Pick' Congress Members originally appeared on Benzinga.com.

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