Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown's Foe

The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio's U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno's opposition of Sen. Sherrod Brown (D-Ohio), the crypto-skeptical chairman of the Senate Banking Committee. In the largest single outlay of campaign spending from the digital assets sector, the latest Federal Election Commission filings show Fairshake PAC and its affiliates – specifically Defend American Jobs – have far outdistanced the initial $12 million the group announced at the...