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Edition 2026-10-17

CRYPTO

Fairshake affiliate reports $46.67 million spent in Ohio Senate race

A political committee aligned with the Fairshake network disclosed $46,672,296.18 in Ohio expenditures as of October 15, supporting Republican Senate candidate Jon Husted and op...

By cryptonews · 6d ago · Source: cryptonews

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A political committee aligned with the Fairshake network disclosed $46,672,296.18 in Ohio expenditures as of October 15, supporting Republican Senate candidate Jon Husted and opposing incumbent Sherrod Brown. The filing, submitted to the Federal Election Commission, shows spending that exceeds Fairshake’s earlier $30 million commitment by $16.67 million, or 55.6%. Digital Freedom Fund, a separate super PAC backed by the Winklevoss twins, reported $5,940,397.25 in Ohio-related costs through October 11. Combined, the two committees have directed $52,612,693.43 toward the race. Defend American Jobs detailed $10.97 million in media purchases through Main Street Media Group and $24,450 in production costs for content aired against Brown. Digital Freedom Fund’s latest disclosure attributes $2.97 million to direct mail printing and postage, including $990,066.19 supporting Husted and $1,980,132.39 opposing Brown. The spending reflects a broader strategy by cryptocurrency advocacy groups to influence federal elections, particularly in key Senate contests. Fairshake, which describes itself as a bipartisan initiative promoting regulatory clarity for digital assets, has also allocated $6 million to support six U.S. House candidates who back the Digital Asset Market Clarity Act. The group reported backing 19 Republican and 13 Democratic incumbents in that effort. Meanwhile, Defend American Jobs has expanded its political footprint beyond Ohio, reporting $6.72 million in spending against Nebraska independent Senate candidate Dan Osborn as of the same filing date. The involvement of crypto-linked entities in electoral politics continues to draw attention as the industry seeks greater influence over financial regulations. Brown referenced the advertising campaign during a recent appearance on Pod Save America, comparing it to past conflicts with traditional financial sectors. The race remains a focal point in the broader discussion about the intersection of technology, finance, and campaign finance law.

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10/17/2026, 1:11:56 PM
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10/17/2026, 1:11:56 PM
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