Crypto PACs Lose Key Races After Spending Millions in Midterms

Crypto-focused super PACs spent more than $176 million across 100+ races in the 2026 US midterms. However, their biggest campaign ended in defeat after Democrat Sherrod Brown defeated Republican Jon Husted to win Ohio’s Senate contest despite a $64 million effort to stop him. Brown Beats Husted Despite $64M Crypto Campaign According to NBC figures, Brown got 2.24 million votes, making up about 49.7% of the total cast, with Husted receiving 2.06 million, or 45.5%, with 97.3% of the vote counted. Heading into this particular showdown, crypto groups had spent more than $64 million trying to prevent that exact outcome, with Fairshake, the industry’s flagship super PAC, accounting for $56.5 million of the spending, and Digital Freedom Fund, supported by the Winklevoss twins who co-founded the Gemini exchange, contributing another…

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