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Crypto industry spent $40M to defeat Sen. Sherrod Brown in 2024, helping elect pro-crypto Republican Bernie Moreno.
The cryptocurrency industry spent over $40 million in 2024 to defeat Ohio Democratic Senator Sherrod Brown, helping elect Republican Bernie Moreno, who has ties to the sector.
Industry leaders, including Sen. Tim Scott and Coinbase CEO Brian Armstrong, credited the spending with shifting Washington toward pro-crypto policies, leading to new legislation on stablecoins and digital asset regulation.
With Brown seeking a fourth term in 2026 and facing Republican Jon Husted, a crypto ally, pro-crypto groups like Fairshake have amassed $141 million in funds.
The industry, now backed by former President Trump, is preparing to spend heavily again to block critics and promote deregulation, despite Brown’s softened stance on crypto’s economic potential.
La industria criptográfica gastó 40 millones de dólares para derrotar al senador Sherrod Brown en 2024, ayudando a elegir al republicano Bernie Moreno, partidario de las criptomonedas.