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Crypto super PAC Fairshake commits $30 million to oppose Sherrod Brown in Ohio

The major ad buy follows the legislative defeat of the Clarity Act in the Senate.

The short version

  • Cryptocurrency super PAC Fairshake plans to spend $30 million opposing former Democratic Sen. Sherrod Brown in his Ohio Senate race.[The Hill · The Washington Sun]
  • The move comes after the crypto regulation Clarity Act was blocked in the Senate by all Democrats and several Republicans.[The Hill · The Washington Sun]
  • Fairshake reported having over $100 million in cash reserves and indicated additional midterm campaign spending is expected soon.[The Hill · The Washington Sun]

Key facts

  • Fairshake confirmed it will spend $30 million on advertisements opposing Sherrod Brown's Senate campaign in Ohio.[The Hill · The Washington Sun]
  • The cryptocurrency industry previously spent approximately $40 million during Brown's 2024 Senate race.[The Hill · The Washington Sun]
  • The Clarity Act failed to advance on the Senate floor after every Democrat and several Republicans blocked the procedural vote.[The Hill · The Washington Sun]
  • Fairshake reported having $108 million on hand at the end of August heading into the midterm elections.[The Hill]
  • In 2024, Fairshake and affiliated crypto entities directed roughly $53 million to Republican candidates and $33 million to Democrats.[The Washington Sun]

What remains uncertain

  • Whether Fairshake will allocate its remaining cash reserves predominantly toward Republican candidates in the upcoming midterms.[The Washington Sun]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.