The Fellowship political action committee promised $100 million, with reports that Tether may have been tied as a backer, but the fund has so far delivered zero.
The super PAC is devoting $1.5 million to get Representative Al Green, a Democrat critical of the crypto industry, defeated by a primary challenger.
The industry's leading campaign-finance operation is getting behind a pro-crypto candidate, Barry Moore, in Alabama's Republican Senate primary.
The industry's chief campaign-finance arm got another $49 million and already outpaces what it had in the last U.S. congressional races, when it aided dozens of wins.
The organization established by Coinbase to mobilize crypto enthusiasts has built up a 2.6-million-member base across 50 state chapters as U.S. elections loom.
The most tireless advocate of digital assets issues in the U.S. Senate said she's grown too tired to keep at it, leaving her Republican seat in play next year.