A crypto-focused political action committee (PAC) dropped $30 million on a campaign to unseat Senator Sherrod Brown in Ohio. In 2024, this PAC and allied groups poured over $300 million into the fight for Ohio’s U.S. Senate seat. When the votes were counted, Brown lost to Bernie Moreno.

Budget and Coalition

The crypto PAC alone shelled out $30 million. Combined with spending from allied organizations, total outlays in Ohio’s 2024 Senate race blew past $300 million.

Election Results

Sherrod Brown came up short against Bernie Moreno. The scale of spending—and its impact on the outcome—has sparked debate in the digital asset community.

What This Means for the Industry

Major political war chests tied to the crypto sector show just how much influence digital asset players are bringing to U.S. campaigns and regulatory debates. For crypto companies and investors, it’s a clear sign that industry lobbying is ramping up in key political battles.