Sherrod Brown's Ohio edge threatens a rough go for crypto next year
Source: CoinDesk ·
From the source
The industry's $63 million question revolves around whether its political adversary in Ohio rides the Trump backlash back into the Senate. The crypto industry has never spent this much money to derail the political prospects of a single person: former U.S. Senator Sherrod Brown. Just one political action committee — the industry's leading Fairshake super PAC — is devoting almost $56 million to keeping Brown down. The last time it spent anything like this amount of money was to oppose the same guy two years ago, devoting about $40 million then to help Bernie Moreno knock off the longtime Senate incumbent, who was chairman of the Banking Committee. With the $7.2 million that Tyler and Cameron Winklevoss kicked in from their own PAC to defeat Brown this year, according to the most recent federal filings, that represents about a $63 million industry stake on Tuesday’s Ohio vote and more than $100 million dollars the sector has spent in the past two years against one congressional veteran…
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