U.S. crypto industry spends about $63 million to block Sherrod Brown’s return to the Senate, as he currently holds a slight lead.
Original headline美国加密行业斥资约 6300 万美元阻击 Sherrod Brown 重返参议院,后者目前略微领先
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US crypto industry groups are spending roughly $63 million to block former Senator Sherrod Brown's return to the Senate in Ohio's race, according to CoinDesk, with super PAC Fairshake contributing nearly $56 million and the Winklevoss twins' PAC about $7.2 million—bringing total industry spending against Brown over the past two years, including 2024 election outlays, to more than $100 million. Brown, a former Senate Banking Committee chairman who did not advance crypto legislation during his tenure, holds a slight lead over incumbent Senator Jon Husted in recent polls, though most margins remain within the error range. Prediction market Kalshi gives Brown a 68% chance of winning and also puts the odds of Democrats retaking Senate control at 68%. The outcome matters for crypto policy because a Democratic-controlled Senate could install Elizabeth Warren as Banking Committee chair or give Brown a key committee post, potentially affecting the fate of market-structure bills such as the CLARITY Act. Watch for final Ohio vote tallies and the broader Senate balance of power, which will shape committee leadership and the legislative path for crypto market-structure legislation.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Sherrod Brown, Fairshake, Winklevoss Brothers, Jon Husted, Elizabeth Warren