The former Senator in Ohio Sherrod Brown, who lost his seat at the US Senate in 2024 to Republican Bernie Moreno, launched more than $ 40 million in the backed spending of the encryption industry, an offer for the 2026 elections.
In Saturday notice, Brown He said The Republican Senator John Hosad’s Republican seat will run in the 2026 American renewal elections – Moreno, who defeated Brown in 2024, was not awake until 2030.
The former Senator, which was one of the most explicit voices on encryption in the previous session of Congress, It was lost in front of Mourino With more than 46 % of the votes after the asset -backed digital political action committee (PAC) spent more than $ 40 million in media purchases.
“I have never planned to run for the office again,” Brown books In the Sabt X.
https://www.youtube.com/watch?
While serving in Congress as one of the two Senate members from Ohio from 2007 to 2025, Brown was the head of the Senate Banking Committee for a period of four years and one of the most explicit voices The call for comprehensive encryption legislation “In the aftermath of the FTX collapse” in 2022.
Although many experts speculated that the Republicans will maintain the majority of the Senate after 2026, Brown’s potential return to the room may indicate that Ohio’s voters are not satisfied with their current representation.
What happened during the 2024 elections in Ohio?
Defend American Jobs, a PAC company, which is affiliated with Fairshake, a largely supported committee with contributions from Coinbase and Ripple Labs, spent more than $ 40 million on media purchases to support Mourino. In all, the Senate in Ohio was one of the most expensive in the history of the state, with reports suggestion These entities spent more than $ 480 million on both sides.
Virchki, who is defending American jobs, largely supported Republican candidates and protecting the democratic progress, spent 131 million dollars to support and oppose candidates in the 2024 Congress elections. The result was that about 270 legislators were It is considered In order to be “Pro-Crypto” by the Coinbase, Coinbase with Crypto won the elections or re-elected.
In July, Versaki mentioned It holds about 141 million dollars In the assets that will be used to influence the mid -range elections 2026, PAC and its subsidiaries spent more than two million dollars to support candidates in the Special Congress elections in 2025 for three seats in Virginia and Florida.
“Last year, the voters sent a clear message that Sherrod Brown and Elizabeth Warren’s agenda was far from contact with Ohio’s values,” Virchki spokesman said to Cointelegraph. “We will continue to support pro -profit candidates and oppose the candidates to combat encryption, in Ohio and the country.”
Will the previous Senator change any of his policy positions after losing 2024?
In the absence of Brown, under the Republican majority in the House of Representatives and the Senate and support from US President Donald Trump, Congress has advanced forward with the approval of the genius law to regulate Stablecoins in 2025.
Trump The draft law was signed in the law In July, the house sent bills to Consider the structure of the encryption market And the digital currencies of the Central Bank to the Senate, which will be in a rest period until September.
Related to: Republicans in the US Senate launches a draft draft of the encryption market structure
In one of his last letters to the Senate Banking Committee in December before leaving his post, Brown warned that Trump “opens our government to the highest bidding for companies” and Encourage the body Be ready to face challenges on artificial intelligence and encryption.
His first campaign message, which was issued on Monday, Focus About “Defense of Workers”, is concerned about the costs of health care and the current trend of the government under the Trump administration.
“The encrypted currency is part of the American economy, and it becomes more common in Ohio and throughout the country,” Brown told Cointelegraph. “Just like what guides all my work, my goal is to make sure that more people use the cryptocurrency, it expands opportunities and raises Oyu and they are not at risk.”
A survey of the Democratic and Public Policy Research Network at the University of Bolling Green was released in February give He advanced from six points in a virtual race against Brown, who has not announced the Senate round at that time.
He will be allowed, who was appointed by the governor of Ohio Mike Dyin to fill the GD Vanced seat at the time after his resignation after his election is an American vice president, to serve until special elections in November 2026. Out of 100 seats in the Senate, 35 will receive constipation in the middle of the time.
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