crypto's most expensive bet of the midterms just lost. sherrod brown won ohio back, per the ap. quick recap. two crypto super pacs put ~$63m into this race, per coindesk: fairshake's affiliate defend american jobs and the winklevoss-backed digital freedom fund. that money went against brown and for jon husted, who had an a from stand with crypto. brown had an f. and it matters beyond one seat. per the block, brown could end up chairing the senate agriculture committee, which has a say over digital assets and prediction markets. so the guy the industry tried hardest to keep out might now be holding the pen. to be fair, this doesn't prove crypto money "doesn't work". the ads barely mentioned crypto, ohio saw over $500m in total spending, and the national wind blew democrat. fairshake still won other races. my read: crypto as a lobby isn't dead, but "we decide elections" just took a real hit. next year's market structure fights are going to be a lot less friendly.