Democrats Sweep Congress as Sherrod Brown Survives Crypto’s Ohio Spending Push

Democrats won control of both the House and the Senate in Tuesday’s midterm elections, the Associated Press reported, handing the committees that oversee crypto to the party whose senators blocked the industry’s market structure bill this session. In Ohio, Democrat Sherrod Brown beat Republican Sen. Jon Husted despite heavy crypto spending against him. Politico put the industry’s outlay on the race at more than $55 million , while Reuters reported before the vote that the figure topped $68 million . The Fairshake super PAC network had spent more than $40 million to unseat Brown in 2024, when he chaired the Senate Banking Committee, according to Politico. Sen. Elizabeth Warren (D-Mass.), who has long pushed for tighter crypto oversight, “appears poised” to chair Senate Banking, Politico reported .

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