NEW YORK TIMES · 2026-11-04 18:06 UTC

Ohio's Senate Race Is a Rare Loss for Crypto Under Trump

Fairshake, a pro-crypto super PAC, spent $46 million in ads against Ohio Senator Sherrod Brown in 2024, but Brown won re-election by a healthy margin, marking a rare loss for the crypto industry. The crypto industry has become a political heavyweight, successfully supporting friendly candidates and targeting critics with ads backed by Coinbase and Ripple, while Congress approved stablecoin rules and Trump has promoted crypto-friendly policies. Brown maintained opposition to letting the crypto industry write its own rules and expressed interest in serving on the Senate Banking Committee…

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