Sherrod Brown Wins Ohio Senate Race Despite $46 Million Crypto PAC Blitz
Updated
Updated · The New York Times · Nov 4
Sherrod Brown Wins Ohio Senate Race Despite $46 Million Crypto PAC Blitz
3 articles · Updated · The New York Times · Nov 4
Summary
Sherrod Brown defeated Republican Sen. Jon Husted by a healthy margin even after Fairshake, a pro-crypto super PAC, spent $46 million on ads against him.
That result marked a rare setback for the crypto industry, which had built political clout by backing friendly candidates and targeting critics with heavy negative-ad spending.
Fairshake had spent $41 million helping unseat Brown two years ago, making this year's reversal a notable test of whether industry money can still shape high-stakes races.
The loss comes despite crypto's broader gains under President Trump, including a looser regulatory climate and last year's congressional approval of stablecoin rules.