cryptocurrency Political Action Committee will once again invest $30 million to block Sherrod Brown in Ohio: The New York Times

Crypto industry PAC Fairshake to invest $30 million to block Brown's return to the Senate

Political action committee Fairshake, which is primarily funded by crypto companies such as Coinbase and Ripple Labs, plans to invest $30 million in an effort to prevent Democrat Sherrod Brown from returning to the Senate in 2026. This move suggests that the cryptocurrency industry continues to influence congressional landscapes through political funding.

$30 million for the Ohio campaign

Fairshake spokesman Geoff Vetter confirmed to Cointelegraph that the PAC plans to spend $30 million against Brown's bid for Ohio State Senate in 2026, as reported by The New York Times.

This is not the first time that Fairshake has invested in Brown's district. In 2024, when Brown sought re-election, the PAC spent about $41 million on one side supporting Republican Bernie Moreno and opposing him on the other. At that time, Fairshak and other related PACs had a combined investment of more than $300 million in the state, ultimately losing to Brown by roughly 4 percentage points.

The 2026 midterm elections are the focus of crypto industry layout

The 2026 midterm elections will decide the balance of control between the House and Senate. Political organizations with crypto industry backgrounds are unfolding around several key constituencies, Fairshake is just one of them. As of Monday, multiple event contracts posted on prediction markets such as Kalshi showed that Democrats were favored by the market for regaining a majority in both chambers.

Cointelegraph contacted Brown's campaign, but has not received a response as of press time. White declined to comment on specific tactics for the PAC in the midterm elections, though he did reveal in August that the organization had $122 million in reserves before the election.

A lobby group affiliated with Coinbase has endorsed multiple candidates for the midterm elections of United States .