The political action committee Fairshake, which draws funding from cryptocurrency companies Coinbase and Ripple Labs, plans to spend $30 million opposing Sherrod Brown’s campaign to return to the U.S. Senate, the group confirmed to The Hill and Cointelegraph.
Brown, a Democrat who served nearly two decades in the Senate, was defeated in 2024 by Republican Bernie Moreno in a race that saw more than $300 million in combined outside spending. Fairshake and allied groups were central to that effort. Brown is now running against incumbent Sen. Jon Husted (R), who succeeded Moreno.
Fairshake’s renewed investment signals that the crypto industry remains intent on shaping electoral outcomes, particularly against lawmakers perceived as skeptical of digital assets. The group’s spokesperson, Geoff Vetter, declined to comment on specifics beyond the spending commitment—neither source provided a direct quote.
The 2024 Ohio Senate race was one of the most expensive in the country, with crypto-backed PACs outspending traditional party committees. Brown’s loss broke Democratic control of the seat and contributed to the party’s narrower Senate majority. As the 2026 midterms approach, Fairshake’s $30 million pledge is likely to escalate spending in a race already drawing national attention.