# US midterm campaign spending set to hit record, with Musk spending nearly $500m

https://mins.news/en/item/126566

- BBC Chinese, 2026-11-03 04:59 UTC
- Politics
- Original: https://www.bbc.com/zhongwen/articles/cw99z83yxg4jo/trad?at_medium=RSS&at_campaign=rss

> The campaign finance watchdog Open Secrets estimates that the US midterms will cost nearly $12bn, a record. Elon Musk has spent almost $500m backing Republican candidates, while outside political groups have spent about $5.5bn. Ripple and Coinbase together gave $63m to super PACs promoting the crypto industry’s interests.

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