The cryptocurrency industry is ready for another round of spending big on Capitol Hill, with record-breaking sums poured into the Ohio Senate seat currently held by Democrat Sherrod Brown. In 2024, crypto interests shelled out more than $40 million to elect Republican Bernie Moreno, and they’re likely to do it again in 2026.
Brown’s critics argue that his anti-crypto stance made him unpopular with voters, who may see a pro-crypto candidate as the way forward. Industry advocates say voter sentiment is on their side, with many Americans eager for clearer regulations and protections.
As Congress has become more favorable to crypto, lawmakers have passed legislation establishing new rules for stablecoins and are pushing through a broader bill aimed at regulating digital assets. The industry’s influence extends beyond Washington, with pro-crypto PACs already stockpiling millions of dollars to support Republican candidates in the 2026 elections.
The question on everyone’s mind is: will Sherrod Brown be targeted again? With hundreds of millions of dollars at their disposal, crypto-backed PACs are likely to play a significant role in shaping the next election.
Source: https://apnews.com/article/crypto-campaign-spending-sherrod-brown-ohio-senate-cea29489a717c9babc234f7f6b7d46f1