US Senate · Republicans · Democrats · CoinDesk
Crypto political group aims to spend $30 million against Sherrod Brown's Senate bid
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The crypto industry's leading campaign-funding operation, Fairshake, has committed $30 million to defeating Sherrod Brown's Ohio campaign to return to the Senate.
Key facts
- At the moment, polling conducted this month of 1,000 likely Ohio voters showed 48% support Brown and 45% are backing the Republican incumbent, Senator Jon Husted
- Still, Fairshake has decided his defeat is worth $30 million, PAC spokesman Geoff Vetter confirmed on Monday
- The crypto industry's leading campaign-funding operation, Fairshake, has committed $30 million to defeating Sherrod Brown's Ohio campaign to return to the Senate
- Despite making waves two years ago with its successful support of some 53 members of Congress, about one in 10 lawmakers in Washington, the industry's gargantuan election spending through Fairshake
Summary
The crypto super PAC, Fairshake, has targeted Sherrod Brown with a new $30 million commitment to flood Ohio with opposition advertisement, following the industry's similar $40 million spending that helped strip him from the Senate in 2024. Even with that Ohio push, the industry's leading campaign fund has close to $100 million it can still devote in the final weeks before the general elections. The current Republican majority in the Senate has been productive for crypto advocates despite the recent failed vote for a key bill, and a Brown win this year could help shift the needle toward the Democrats' narrow chance to get the majority back. The digital assets industry had spent years unsuccessfully trying to get U.S. market structure legislation, or any other meaningful crypto bill, through the Senate Banking Committee that Brown led.