Crypto PACs Lose Key Races After Spending Millions in Midterms

The Digital Freedom Fund spent $7.5 million opposing Sherrod Brown in Ohio, part of the $56.5 million Fairshake committed to the same race, as crypto-backed PACs lost key midterm contests despite heavy spending. The results mark a setback for industry groups that had bet big on influencing the Senate balance and legislative posture toward digital assets. The scale of the outlay relative to the outcomes will sharpen scrutiny of how crypto PACs allocate capital in future cycles. What to watch next is whether these groups recalibrate their targeting and spending strategies ahead of the next election.