The crypto industry spent approximately $63 million in the final stretch of Tuesday's Ohio Senate election to defeat former Senate Banking Committee Chairman Sherrod Brown. Super PAC Fairshake accounted for nearly $56 million of the total, while $7.2 million came from the Winklevoss brothers' PAC. Over two years, cumulative industry spending against Brown has exceeded $100 million.
Polls show Brown slightly ahead of incumbent Senator Jon Husted, though the margin remains within the error range. Prediction market Kalshi assigns Brown a 68% probability of winning. Analysts note that if Democrats retake the Senate, Brown could chair the Agriculture Committee and Elizabeth Warren may lead the Banking Committee—positions that would directly impact progress on pending market structure legislation.
Crypto Industry Spends $63M to Block Sherrod Brown's Ohio Senate Comeback
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