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Crypto Lobby Secures Major Victory as Sherrod Brown Loses Senate Seat in Ohio

Author: Content Editor
In a major upset, an influential Democratic incumbent, Sherrod Brown, has lost his seat in the Ohio Senate race to Republican Josh Moreno. Brown's defeat is largely attributed to the efforts of pro-crypto super PAC, Fairshake, which invested $40 million in unseating him. The super PAC's goal was to remove Brown, a vocal critic of digital assets, as a perceived obstacle to pro-crypto policies. Fairshake's investment in the Ohio race made it the second-most expensive Senate contest in US history when adjusted for inflation. This loss for Brown represents a setback for progressive allies and signals potential shifts in the Democratic party's stance on crypto regulation.

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