The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio's U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno's opposition of Sen. Sherrod Brown.
Since Fairshake weighed in last month, the sentiment of Ohio voters has shown a major leap for blockchain businessman Moreno, with some polls showing him potentially pulling ahead of Brown.
In the largest single outlay of campaign spending from the digital assets sector, the latest Federal Election Commission filings show Fairshake PAC and its affiliates have far outdistanced the initial $12 million pledged to Moreno's campaign.
Some crypto insiders have expressed private discomfort with Fairshake's decision to try to dethrone Brown, who currently has control over crypto-related legislation.
#ohio-senate-race #crypto-political-action-committees #bernie-moreno #campaign-spending #senator-sherrod-brown
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