Fairshake Plans $30M Crypto PAC Campaign Against Brown

Crypto PAC Fairshake plans to spend at least $30 million opposing Democrat Sherrod Brown in Ohio’s 2026 Senate election, according to The New York Times. Fairshake confirmed the plan and said further spending may be announced before the 3 November midterm elections. The crypto PAC is backed largely by Coinbase and Ripple Labs and reportedly held about $122 million in cash in August. Its planned Ohio spending would be among its largest commitments of the 2026 cycle. Fairshake spent about $41 million supporting Republican Bernie Moreno and opposing Brown in 2024, when Brown lost by roughly four percentage points after total political spending exceeded $300 million. Brown is now challenging Republican Senator Jon Husted for the seat previously held by Vice President JD Vance. The campaign follows the Senate’s failure to advance the industry-backed CLARITY Act after a 50-49 procedural vote fell short of the 60 votes required. Disputes involved stablecoin rewards, ethics rules, developer protections and regulatory authority. The race could affect control of Congress, digital-asset oversight and the prospects for crypto legislation. Prediction markets have recently indicated a strong chance of Democrats retaking both chambers. The immediate impact on cryptocurrency prices is likely limited, but the result could influence future regulation and market sentiment.