Sherrod Brown | Crypto

At least two industry-aligned PACs have poured more than $52 million into opposing Sherrod Brown’s return to the Senate. Affiliates of the Fairshake political action committee (PAC), largely funded by Coinbase and Ripple Labs, have increased their initially announced expenditures by more than 50% in what could be a key race for control of Congress in 2026. According to Thursday filings with the Federal Election Commission (FEC), the Fairshake affiliate Defend American Jobs — a group that supports Republican candidates in primaries and elections — spent $46.6 million on media opposing former lawmaker Sherrod Brown and supporting Republican incumbent Jon Husted in Ohio’s Senate race for the 2026 midterms. The spending marked a sharp increase over what Fairshake said in September it initially planned to spend opposing Brown’s return to the Senate: $30 million. “I’ve spent my career taking on Wall Street, taking on big pharma, taking on big oil and been successful in many cases,” said Brown in an interview aired ...

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. A political action committee (PAC) aligned with and largely funded by the cryptocurrency industry reported spending more than $11 million on ads supporting Republican Jon Husted and opposing Democrat Sherrod Brown in a race for one of Ohio’s seats in the US Senate. In a Thursday filing with the Federal Election Commission (FEC), the Defend American Jobs PAC, affiliated with the Coinbase- and Ripple Labs-backed group Fairshake, reported spending $11.4 million on media supporting Husted and opposing Brown’s potential return to the Senate. The ad buys appeared to be part of Fairshake’s pledge to initially spend $30 million in the Ohio race in an attempt to block Brown, who was previously chair of the Senate Banking Committee and one of the more outspoken voices in Congress against pro-crypto legislation and policies. Sept. 24 filing fro...

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. Fairshake, the political action committee (PAC) funded largely by cryptocurrency companies Coinbase and Ripple Labs, plans to spend $30 million opposing Democrat Sherrod Brown’s bid to return to the US Senate. In a statement to Cointelegraph, Fairshake spokesperson Geoff Vetter confirmed reporting by the New York Times that the PAC initially planned to spend $30 million opposing Brown’s 2026 election bid to represent Ohio in the Senate. Vetter said that the PAC expected to announce additional expenditures before the midterm elections on Nov. 3. Fairshake spent about $41 million supporting Republican Bernie Moreno and opposing Brown in the Ohio lawmaker’s 2024 reelection bid. Brown, who had been the Senate Banking Committee chair when Democrats were in the majority, lost to Moreno by about four points in 2024 following more than $300 mill...