Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again: NYT
The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno.
The digital asset-aligned Political Action Committee (PAC) named Fairshake, largely funded by cryptocurrency companies Coinbase and Ripple Labs, plans to spend $30 million to oppose Democrat Sherrod Brown in the 2026 US Senate race in Ohio. According to a statement to Cointelegraph, Fairshake spokesperson Geoff Vetter confirmed that the PAC initially aimed to spend $30 million to oppose President Brown's 2026 election bid.
The PAC is known to have spent about $41 million to support Republican Bernie Moreno and oppose Brown in the 2024 reelection bid, which resulted in Brown's loss by about four points. Fairshake's involvement is part of a larger effort by groups aligned with the cryptocurrency industry to influence voters in key races, with the aim of potentially retaking control of the House of Representatives and Senate in 2026.
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