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Crypto spent millions to defeat Sherrod Brown and elect allies. It’s ready for a repeat in 2026
Crypto political action committees spent over $50 million in Ohio alone to elect pro-crypto candidates and influence 2024 congressional races, aiming to advance favorable legislation.
- The cryptocurrency industry spent over $40 million to defeat Sherrod Brown in 2024, sending a message against challenges to crypto, according to Brian Armstrong, CEO of Coinbase, who stated, "We're never gonna let that happen again."
- In 2024, the crypto industry invested more than $130 million in congressional races, including over $40 million in Ohio.
- Despite these efforts, Sherrod Brown criticized cryptocurrency, stating, "Americans continue to lose money every day in crypto scams and frauds" after the conviction of Sam Bankman-Fried.
- Brown lost to Moreno by just over 3.5 percentage points in the 2024 election, despite significant spending against him.
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Crypto spent millions to defeat Sherrod Brown and elect allies. It's ready for a repeat in 2026
The cryptocurrency industry spent millions last year to unseat a longtime critic, Democratic Sen. Sherrod Brown in Ohio, and install its allies in Washington.
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Crypto spent millions to defeat Sherrod Brown and elect allies. It's ready for a repeat in 2026 – The Land
Sen. Sherrod Brown, D-Ohio, speaks on election night, Nov. 5, 2024, in Columbus, Ohio. (AP Photo/Joshua A. Bickel, File) By JOEY CAPPELLETTI Associated Press At a five-star resort tucked in the mountains of Jackson Hole, Wyoming, the cryptocurrency industry was celebrating a historic start to the year on Capitol Hill. Its priorities were sailing through Congress with unusual speed and one senator did not hesitate to say why. Sen. Tim Scott, chai…
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Total News Sources45
Leaning Left13Leaning Right5Center21Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 33%
C 54%
13%
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