Crypto’s Millions Yield Win as Moreno Takes Ohio Senate Race
- Pro-crypto PAC Fairshake spent some $40 million to oust Brown
- Race was a crucial test to industry’s record lobbying effort
Bernie Moreno in Brecksville, Ohio, on Nov. 4.
Photographer: Stephen Maturen/Getty Images North AmericaThis article is for subscribers only.
Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign.
Moreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track for a Senate majority. Brown, a crypto skeptic and the chairman of the Senate Banking Committee, was one of the most high-profile Democrats vying for election.