The crypto industry spent approximately $63 million to block Sherrod Brown from returning to the Senate.

PANews November 1 news, according to CoinDesk, the crypto industry super PAC Fairshake has spent nearly $56 million to prevent former Senate Banking Committee Chairman and Democrat Sherrod Brown from winning the Ohio Senate election. Together with the $7.2 million contributed by the Winklevoss brothers' PAC, the industry's spending on this Tuesday's vote is about $63 million. Over the past two years, the industry's total spending against Brown has exceeded $100 million. Polls show that Brown holds a slight lead over incumbent Senator Jon Husted, but the gap is within the margin of error. Kalshi gives Brown a 68% chance of winning. Analysts expect that if Democrats retake the Senate, Brown may become chairman of the Agriculture Committee, while Elizabeth Warren may chair the Banking Committee, which would affect the advancement of market structure legislation.