2026 midterms: More evidence that money can’t buy you an election (Ohio crypto edition)

 

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Headline:  New York Times, 11/4/2026

David McCabe and Theodore Schleifer report:

Two years ago, a top pro-cryptocurrency super PAC spent $41 million on ads to help defeat Sherrod Brown, then Ohio’s incumbent Democratic senator. 

On Tuesday, those results were reversed. Even though the super PAC, Fairshake, spent $46 million on ads against Mr. Brown, he won the election against the Republican, Senator Jon Husted, by a healthy margin. 

It was a rare loss for the crypto industry, which has developed a reputation as a political heavyweight and prospered with a laissez-faire regulatory environment under President Trump.

 

New York Times

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