Crypto PACs Increase Spending in Ohio Senate Race
- Fairshake’s affiliate, Defend American Jobs, spent $46.6 million opposing Sherrod Brown and supporting Jon Husted in Ohio.
- This expenditure is over a 50% increase from the initially planned $30 million.
- The Digital Freedom Fund, backed by Gemini co-founders, reported $3 million in ad spending this week, totaling over $5.9 million against Brown.
- Fairshake’s spending has already surpassed its $41 million effort in the previous election cycle.
- Additionally, Fairshake reported more than $6.7 million spent to oppose Independent candidate Dan Osborn in Nebraska.
With early voting underway in Ohio, Fairshake aims to support pro-crypto candidates as part of its strategy to influence Congress ahead of the elections. The PAC currently holds $193 million in cash on hand for campaign efforts.
The increased expenditures highlight the growing financial influence of crypto-aligned PACs, with Fairshake’s spending reaching $46.6 million just weeks before the election.(Source)
