{"id":15156,"date":"2025-08-18T21:41:05","date_gmt":"2025-08-18T19:41:05","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=15156"},"modified":"2025-08-18T21:41:05","modified_gmt":"2025-08-18T19:41:05","slug":"sherrod-brown-faces-crypto-pac-challenge-as-he-aims-for-senate-re-election-in-2024","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/18\/sherrod-brown-faces-crypto-pac-challenge-as-he-aims-for-senate-re-election-in-2024\/","title":{"rendered":"Sherrod Brown Faces Crypto PAC Challenge as He Aims for Senate Re-Election in 2024"},"content":{"rendered":"\n<div data-v-43e640e6=\"\">\n<p>Former Ohio Senator Sherrod Brown, who lost his US Senate position in 2024 to Republican Bernie Moreno amid over $40 million in expenditures supported by the crypto sector, has initiated an election campaign for 2026.<\/p>\n<p>In a Saturday announcement, Brown <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/SherrodBrown\/status\/1956756173815742864\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">stated<\/a> he intends to contend for Republican Senator Jon Husted\u2019s seat in the 2026 US midterm elections \u2014 Moreno, who triumphed over Brown in 2024, won&#8217;t seek reelection until 2030.<\/p>\n<p data-ct-non-breakable=\"undefined\">The ex-senator, who was one of the more vocal advocates on crypto in the last Congress session, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bernie-moreno-wins-ohio-senate-pro-crypto\" title=\"null\">was defeated by Moreno<\/a> with over 46% of the electorate after a digital asset-supported political action committee (PAC) spent an excess of $40 million on advertising.<\/p>\n<p>\u201cI never intended to run for office again,\u201d Brown <a href=\"https:\/\/x.com\/SherrodBrown\/status\/1956756173815742864\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/SherrodBrown\/status\/1956756173815742864\">noted<\/a> in a Saturday X post. \u201cBut I observe what\u2019s occurring in Washington, and I can&#8217;t remain inactive. It\u2019s a government serving the affluent and influential at the cost of ordinary workers. I\u2019m committed to altering that.\u201d<\/p>\n<p><iframe title=\"Did Crypto Help Reelect Donald Trump? | Cointelegraph Documentary\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/suMyYsRjVzM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>During his tenure in Congress as one of Ohio&#8217;s two senators from 2007 to 2025, Brown was the chair of the Senate Banking Committee for four years and one of the more vocal figures <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/senate-banking-committee-chair-calls-for-coordination-with-treasury-on-crypto\" title=\"null\">advocating for comprehensive crypto legislation<\/a> \u201cin the aftermath of FTX\u2019s collapse\u201d in 2022.<\/p>\n<p data-ct-non-breakable=\"undefined\">Although many analysts have suggested that Republicans will retain majority control of the Senate after 2026, Brown\u2019s prospective return to the chamber might indicate that Ohio voters are dissatisfied with their existing representation.<\/p>\n<h2>What transpired during the 2024 election in Ohio?<\/h2>\n<p>Defend American Jobs, a PAC linked with Fairshake, a committee significantly funded by contributions from cryptocurrency firms Coinbase and Ripple Labs, expended over $40 million on advertising to support Moreno. Overall, the Ohio Senate contest was among the most costly in the state&#8217;s history, with reports <a data-ct-non-breakable=\"null\" href=\"https:\/\/adimpact.com\/blogs\/blog\/2024-ohio-senate-general-election\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">indicating<\/a> that various entities had spent more than $480 million on both sides.<\/p>\n<p>Fairshake, whose affiliates Defend American Jobs largely backed Republican candidates while Protect Progress supported Democrats, reportedly spent $131 million to endorse and oppose candidates during the 2024 congressional elections. Consequently, approximately 270 lawmakers who were <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/standwithcrypto\/status\/1854953064819834928\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">considered<\/a> \u201cpro-crypto\u201d by the Coinbase-aligned advocacy group Stand With Crypto were elected or reelected.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17674691\"\/><\/p>\n<p>In July, Fairshake disclosed <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-pac-141m-funding-influence-us-elections-2025\" rel=\"https:\/\/cointelegraph.com\/news\/crypto-pac-141m-funding-influence-us-elections-2025\" target=\"https:\/\/cointelegraph.com\/news\/crypto-pac-141m-funding-influence-us-elections-2025\" title=\"https:\/\/cointelegraph.com\/news\/crypto-pac-141m-funding-influence-us-elections-2025\">holding approximately $141 million<\/a> in resources to be utilized to influence the 2026 midterm elections. The PAC and its two affiliates invested over $2 million to support candidates in special congressional elections in 2025 for three House seats in Virginia and Florida.<\/p>\n<p>\u201cLast year, voters conveyed a clear message that the Sherrod Brown and Elizabeth Warren agenda were profoundly out of touch with Ohio values,\u201d Fairshake spokesperson Josh Vlasto told Cointelegraph. \u201cWe will persist in backing pro-crypto candidates and opposing anti-crypto candidates, in Ohio and nationally.\u201d<\/p>\n<h2>Will the former senator modify any of his policy stances following his 2024 defeat?<\/h2>\n<p>In Brown\u2019s absence, under a Republican majority in both the House of Representatives and Senate and endorsement from US President Donald Trump, Congress advanced the passage of the GENIUS Act to regulate payment stablecoins in 2025.<\/p>\n<p data-ct-non-breakable=\"undefined\">Trump <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/donald-trump-stablecoin-law-signed\" rel=\"https:\/\/cointelegraph.com\/news\/donald-trump-stablecoin-law-signed\" target=\"https:\/\/cointelegraph.com\/news\/donald-trump-stablecoin-law-signed\" title=\"https:\/\/cointelegraph.com\/news\/donald-trump-stablecoin-law-signed\">signed the legislation into law<\/a> in July, and the House forwarded bills for <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" rel=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" target=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" title=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\">consideration regarding crypto market structure<\/a> and central bank digital currencies to the Senate, which will be in recess until September.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" rel=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" target=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\" title=\"https:\/\/cointelegraph.com\/news\/crypto-market-structure-draft-senate-clarity-act\"><em><strong>US Senate Republicans unveil draft bill for crypto market structure<\/strong><\/em><\/a><\/p>\n<p>In one of his final communications to the Senate Banking Committee in December before leaving office, Brown cautioned that Trump was \u201copening up our government to the highest corporate bidder\u201d and <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sherrod-brown-final-message-senate-committee-warning-crypto\" title=\"null\">urged the committee<\/a> to be ready to tackle challenges related to AI and crypto.<\/p>\n<p>His initial campaign message, shared on Monday, <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/SherrodBrown\/status\/1957397759310381108\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">centered<\/a> on \u201cadvocating for workers,\u201d concerns about healthcare expenses and the current trajectory of the government under the Trump administration.<\/p>\n<p>\u201cCryptocurrency is part of America\u2019s economy and is becoming increasingly prevalent in Ohio and across the nation,\u201d Brown conveyed to Cointelegraph. \u201cJust like what drives all my efforts, my objective is to ensure that as more individuals utilize cryptocurrency, it fosters opportunities and uplifts Ohioans without putting them at risk.\u201d<\/p>\n<p>A Bowling Green State University Democracy and Public Policy Research Network poll released in February <a data-ct-non-breakable=\"null\" href=\"https:\/\/scholarworks.bgsu.edu\/cgi\/viewcontent.cgi?article=1007&amp;context=depo\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">showed<\/a> Husted ahead by six points in a theoretical race against Brown, who had not declared his Senate bid at that moment.<\/p>\n<p>Husted, appointed by Ohio Governor Mike DeWine to succeed then-Senator JD Vance after his resignation upon being elected US vice president, can serve until a special election in November 2026. Out of the Senate\u2019s 100 seats, 35 will be contested in the midterms.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/eth-ethereum-treasury-firms-could-spark-defi-summer-2-0-race-for-yields\/\" title=\"null\"><em><strong>How Ethereum treasury firms could ignite \u2018DeFi Summer 2.0\u2019<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/sherrod-brown-ohio-senate-crypto-pac-2026-run?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Ohio Senator Sherrod Brown, who lost his US Senate position in 2024 to Republican Bernie Moreno amid over $40 million in expenditures supported by the crypto sector, has initiated an election campaign for 2026. In a Saturday announcement, Brown stated he intends to contend for Republican Senator Jon Husted\u2019s seat in the 2026 US<\/p>\n","protected":false},"author":3,"featured_media":15157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3344,3345,3346],"class_list":["post-15156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-sherrod-brown","tag-targeted-by-crypto-pac-in-2024","tag-to-run-for-senate-again"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sherrod Brown Faces Crypto PAC Challenge as He Aims for Senate Re-Election in 2024 - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/18\/sherrod-brown-faces-crypto-pac-challenge-as-he-aims-for-senate-re-election-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sherrod Brown Faces Crypto PAC Challenge as He Aims for Senate Re-Election in 2024 - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Former Ohio Senator Sherrod Brown, who lost his US Senate position in 2024 to Republican Bernie Moreno amid over $40 million in expenditures supported by the crypto sector, has initiated an election campaign for 2026. 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