Crypto super PACs threw down over 176 million dollars across 100+ races in the 2026 US midterms but their biggest bet totally flopped when Democrat Sherrod Brown crushed Republican Jon Husted in Ohio’s Senate race even after that 64 million dollar push against him 🖤
Brown Slays the Crypto Cash Storm 🦇
NBC numbers show Brown pulled 2.24 million votes for around 49.7% of the total while Husted got 2.06 million or 45.5% with 97.3% counted ✨ The industry tried hard with Fairshake dropping 56.5 million and the Winklevoss backed Digital Freedom Fund adding 7.5 million more to flip it but Brown held strong.
Big Spend Yet Huge Crypto PAC Loss 😈
Brown had called out the sector hard as Senate Banking chair before but softened a bit saying crypto has a part in our economy tho he still vowed to battle the crypto data center crowd 🌑 Researcher Molly White called the whole thing a massive defeat for those super PACs and here is her take on it.
Democrats Sweep While Some Crypto Wins Hit 🔪
Other backed candidates lost in Texas Alabama Iowa Wisconsin and Michigan but there was one bright spot in Colorado where Manny Rutinel backed by groups like Chris Larsen’s PAC won big 🕸️ In Nebraska Pete Ricketts took the win with Fairshake spending 14.1 million to support him.
Broader Picture Turns Darker for Crypto 💀
Democrats locked down the House with 258 seats and Senate with at least 54 after flipping plenty of spots which could slow stuff like the CLARITY Act even more rn 👁️ Here is another update from Molly on the losses.
And a warning tweet from CryptosRus before results dropped.
Overall the 2024 cycle had that 40 million war chest win but this time the vibe shifted and the industry faces tougher odds ahead lol 🌸
Just another echo from the void by iconofsin.eth 💖
