Fairshake, the cryptocurrency-backed political action committee funded largely by Coinbase and Ripple Labs, plans to spend $30 million opposing Democrat Sherrod Brown’s effort to return to the US Senate from Ohio in 2026. Fairshake spokesperson Geoff Vetter confirmed the plan to Cointelegraph, backing up earlier reporting from The New York Times, and said the PAC expects to announce additional spending before the Nov. 3 midterm elections. The group was already a major force in Ohio’s 2024 Senate contest, where it spent about $41 million supporting Republican Bernie Moreno and opposing Brown. That race drew more than $300 million in combined spending from Fairshake and other PACs, and Brown ultimately lost to Moreno by roughly four points. The new spending plan comes as crypto-aligned political groups prepare for a broader fight over key 2026 races, with control of both the House of Representatives and the Senate on the line. Cointelegraph said Brown’s campaign did not immediately respond to a request for comment, while Vetter declined to discuss Fairshake’s midterm strategy in detail. He had said in August that the PAC held a $122 million war chest ahead of the election.
Fairshake, the cryptocurrency-backed political action committee funded largely by Coinbase and Ripple Labs, plans to spend $30 million opposing Democrat Sherrod Brown’s bid to return to the US Senate from Ohio in 2026.
In a statement to Cointelegraph, Fairshake spokesperson Geoff Vetter confirmed reporting by The New York Times that the PAC had initially planned the $30 million effort against Brown’s 2026 Senate campaign. Vetter said Fairshake expects to announce additional expenditures before the Nov. 3 midterm elections.
Fairshake was already a major spender in Ohio in 2024
The PAC spent about $41 million backing Republican Bernie Moreno and opposing Brown during the Ohio lawmaker’s 2024 reelection campaign. Brown had served as chair of the Senate Banking Committee when Democrats held the chamber majority.
After more than $300 million in combined spending by Fairshake and other PACs, Brown lost to Moreno by about four points in 2024.
Crypto-aligned groups are targeting key 2026 races
Fairshake is one of several groups aligned with the cryptocurrency industry that are trying to influence voters in major 2026 contests. Control of both the House of Representatives and the Senate will be contested in that cycle.
As of Monday, many event contracts on prediction market platforms such as Kalshi showed Democrats with the odds on retaking a majority in both chambers.
Brown campaign did not immediately respond
Cointelegraph said it had reached out to Brown’s campaign but did not receive an immediate response. Vetter declined to discuss the PAC’s strategy for the midterms, though he said in August that Fairshake had a $122 million war chest ahead of the election.
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