US Edition
Published • loading... • Updated
Crypto spent millions to defeat Sherrod Brown and elect allies. It’s ready for a repeat in 2026
Crypto political action committees spent over $50 million in Ohio alone to elect pro-crypto candidates and influence 2024 congressional races, aiming to advance favorable legislation.
- The cryptocurrency industry spent over $40 million to defeat Sherrod Brown in 2024, sending a message against challenges to crypto, according to Brian Armstrong, CEO of Coinbase, who stated, "We're never gonna let that happen again."
- In 2024, the crypto industry invested more than $130 million in congressional races, including over $40 million in Ohio.
- Despite these efforts, Sherrod Brown criticized cryptocurrency, stating, "Americans continue to lose money every day in crypto scams and frauds" after the conviction of Sam Bankman-Fried.
- Brown lost to Moreno by just over 3.5 percentage points in the 2024 election, despite significant spending against him.
Insights by Ground AI
45 Articles
45 Articles
Associated Press News+39 Reposted by 39 other sources
Crypto spent millions to defeat Sherrod Brown and elect allies. It's ready for a repeat in 2026
The cryptocurrency industry spent millions last year to unseat a longtime critic, Democratic Sen. Sherrod Brown in Ohio, and install its allies in Washington.
·United States
Read Full Article
Crypto spent millions to defeat Sherrod Brown and elect allies. It's ready for a repeat in 2026 – The Land
Sen. Sherrod Brown, D-Ohio, speaks on election night, Nov. 5, 2024, in Columbus, Ohio. (AP Photo/Joshua A. Bickel, File) By JOEY CAPPELLETTI Associated Press At a five-star resort tucked in the mountains of Jackson Hole, Wyoming, the cryptocurrency industry was celebrating a historic start to the year on Capitol Hill. Its priorities were sailing through Congress with unusual speed and one senator did not hesitate to say why. Sen. Tim Scott, chai…
Coverage Details
Total News Sources45
Leaning Left13Leaning Right5Center21Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 33%
C 54%
13%
Factuality
To view factuality data please Upgrade to Premium
