Crypto Industry Unleashes $30 Million Ad Campaign Against Ohio Senate Candidate

The cryptocurrency industry is taking its battle against Democrats to the midterms, targeting Ohio Senate candidate and former Sen. Sherrod Brown.

Fairshake, a super PAC backed by Silicon Valley billionaires, plans to spend $30 million on ads criticizing Brown's record on crypto regulation.

This campaign marks a significant escalation in the industry's efforts to influence the election, with Fairshake's overall spending expected to lean heavily towards Republicans after Democrats blocked the Clarity Act last week.

Brown, who could regain his seat on the Senate Banking Committee if he wins, has downplayed his criticism of crypto during his campaign, saying it should have a role in the economy but not be able to write its own regulations.