Political action committees tied to the crypto industry have spent more than $52 million in Ohio’s Senate race, backing Republican incumbent Senator Jon Husted while opposing former Democratic Senator Sherrod Brown. The biggest outlay came from Defend American Jobs, a PAC under the Fairshake umbrella, which has put $46.6 million into media advertising. That figure is well above its previously announced $30 million spending plan. The PAC is reported to be funded primarily by Coinbase and Ripple Labs. The update was cited by Odaily, which referenced Cointelegraph.
Political action committees linked to the crypto industry have spent more than $52 million in Ohio’s Senate race, supporting Republican incumbent Senator Jon Husted and opposing former Democratic Senator Sherrod Brown.
Defend American Jobs, a political action committee under the Fairshake umbrella, accounted for the largest share of that spending. It has deployed $46.6 million on media advertising, well above its previously announced $30 million plan.
The PAC is mainly backed by funding from Coinbase and Ripple Labs, according to Cointelegraph, as cited by Odaily.
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