Crypto PAC spends $11M to oppose Sherrod Brown in Ohio
Fairshake pledged an initial $30 million on media opposing the Democratic candidate in Ohio’s Senate race in what some see as a repeat of spending by the crypto industry in 2024.
The crypto industry's political action committee, Defend American Jobs PAC, spent over $11 million in Ohio's Senate race to support Republican Jon Husted and oppose Democrat Sherrod Brown. This expenditure is part of a larger $30 million pledge by Fairshake, a group backed by Coinbase and Ripple Labs, to counter Brown's potential return to the Senate.
Brown, a former Senate Banking Committee chair, has been vocal against pro-crypto legislation. In a previous 2024 race, crypto-aligned PACs spent around $41 million to oppose Brown, who ultimately lost to Republican Bernie Moreno with 46.4% of the vote. Husted, appointed to the Senate by Ohio Governor Mike DeWine, faces off against Democrat Amy Acton in November.
Acton has received financial backing from influential figures in the crypto sphere, including co-founders of World Liberty Financial and NYDIG, contributing a total of $20 million to her gubernatorial campaign.
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