Crypto PAC Drops $11M on Ohio Senate Ads Backing Husted

A pro-crypto political action committee has filed $11.4 million in spending for Ohio U.S. Senate ads backing Republican Jon Husted and opposing Democrat Sherrod Brown.

The Defend American Jobs PAC, affiliated with Fairshake, a group backed by Coinbase and Ripple Labs, made the disclosure to the Federal Election Commission.

This move is part of a broader pattern of crypto-aligned groups pouring money into Ohio races, where Brown's return to the Senate could have significant implications for pro-crypto legislation.

Brown has been a prominent critic of pro-crypto policy and previously chaired the Senate Banking Committee, raising concerns about how cryptocurrency could affect consumers and financial stability.