Fairshake commits $30 million to Ohio campaign against Sherrod Brown

Fairshake has committed $30 million to an Ohio campaign against former Sen. Sherrod Brown ahead of the November midterms. A Fairshake spokesperson confirmed the figure in an email and said the group expects to announce more midterm spending decisions in the coming days and weeks. The spending follows the Senate's failure less than a week earlier to pass the Clarity Act in a procedural vote. The bill would have established a federal regulatory framework for the digital asset industry. Senate Democrats said they could not support a bill that would allow President Donald Trump to profit personally from the crypto industry, citing his millions of dollars in income from multiple digital asset ventures. Fairshake and the broader crypto industry spent millions of dollars through super PACs to influence the 2024 elections. Fairshake spent $12 million in Ohio to support crypto-friendly Republican Bernie Moreno, who defeated Brown. Brown previously chaired the Senate Banking Committee and called for a crackdown on cryptocurrency use to fund terrorism and evade sanctions. Crypto-linked money began flowing again in April to support Republican Sen. Jon Husted, who is set to face Brown in November. Husted supports crypto innovation and has backed pro-crypto legislation, including the GENIUS Act. Advocacy group Stand With Crypto rates Husted as strongly supportive of crypto based on his past statements. Fairshake also backed current Democratic senators Ruben Gallego and Elissa Slotkin, both of whom voted against the Clarity Act last week.