According to CoinDesk, the U.S. crypto industry is investing approximately $63 million to prevent former Senator Sherrod Brown from returning to Congress in the Ohio election. The crypto industry’s super PAC, Fairshake, has contributed nearly $56 million, while the political action committee backed by the Winklevoss brothers has added approximately $7.2 million. Including election spending in 2024, the crypto industry’s total political investments targeting Brown over the past two years have exceeded $100 million.
The crypto industry spends $63 million to block Sherrod Brown's Senate bid
TechFlowShare
Summary
Crypto industry news reveals the sector has spent $63 million to block former Senator Sherrod Brown’s Senate re-election in Ohio. The majority of the funding, $56 million, came from the crypto-backed super PAC Fairshake, with $7.2 million from the Winklevoss brothers’ PAC. Industry trends show total spending against Brown since 2022 has exceeded $100 million.
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