Crypto's powerhouse super PAC, Fairshake, found its kryptonite

From the source

The industry's primary campaign arm had cultivated a reputation as an unstoppable force, but more than a third of its spending failed to hit the mark, especially in Ohio. The crypto industry's top political funding arm, the Fairshake political action committee, put an unprecedented $56 million into defeating Democrat Sherrod Brown, who won Tuesday night by a margin of nearly 5%. Among industry-fueled super PACs, Fairshake and its affiliates have been outsized players in congressional elections, exploding onto the scene in 2024 and setting a tone as a single-cause, pragmatic operation seeking to spend whatever it takes to get crypto yes votes into Congress. It said it spent about $154 million on campaign ads this year to draw more allies onto Capitol Hill, but it blew a third of its money on trying to stifle Brown, despite ample signs that Democrats were going to have a big night. Before that, it went after Juliana Stratton with $10 million during her Democratic primary, but she…

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