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Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race

At least two crypto-aligned PACs have spent over $52 million opposing Sherrod Brown's return to the Senate. Defend American Jobs, an affiliate of the Fairshake PAC largely funded by Coinbase and Ripple Labs, spent $46.6 million on media opposing Brown and supporting Republican incumbent Jon Husted, well above the $30 million Fairshake initially planned in September. The Digital Freedom Fund, created by Gemini co-founders Tyler and Cameron Winklevoss, reported about $3 million in ads this week, bringing its Ohio total to more than $5.9 million. With just under three weeks until the election and early voting underway for 10 days, the Fairshake affiliate also spent over $6.7 million opposing Independent Dan Osborn in Nebraska's Senate race. Fairshake's expenditures have already exceeded its 2024 total of $41 million, and it held $193 million in cash in January.

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