Fairshake Dumps $30 Million Against Brown's Senate Bid
Fairshake, a prominent cryptocurrency industry PAC, is backing its massive campaign against former US Senator Sherrod Brown's bid to return to the Senate. The super PAC has committed $30 million to block Brown's attempt, a significant investment in Ohio's upcoming special election on November 3.
Brown, a Democrat who chaired the Senate Committee on Banking, Housing, and Urban Affairs during his previous tenure, lost his re-election bid to Republican Bernie Moreno in 2024. Despite not retaining the chairmanship, Brown still holds strong views against digital assets, which could be detrimental to the crypto industry if he returns to power.
The passage of the GENIUS Act into law last July has been a significant milestone for the sector, and Fairshake is likely motivated by a desire to maintain this momentum. The super PAC's efforts may also be driven by concerns that Brown's return could lead to stricter regulations on digital assets.