# Crypto’s midterm spending spree stumbles as Democrats rack up big wins

- URL: https://talkfuse.com/story/cryptos-midterm-spending-spree-stumbles-as-democrats-rack-up-big-wins/
- Published: 2026-11-04T16:47:09+00:00
- Updated: 2026-11-05T07:36:16+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/cryptos-midterm-spending-spree-stumbles-democrats-rack-up-big-wins-6525001
- Topics: Business, Crypto, Elections, Politics, World

## Key points

- Crypto’s $200 million election push had notable losses.
- Sherrod Brown won Ohio despite over $60 million spent against him.
- Democratic control could mean more scrutiny of the industry.

## Summary

The cryptocurrency industry’s roughly $200 million in election spending had mixed results, with major losses in races it had prioritised, including Ohio’s Senate contest. Sherrod Brown, a crypto sceptic, won decisively despite more than $60 million being spent to defeat him, raising questions about the industry’s political influence and candidate choices.

Crypto-backed groups still won many of their targeted races. Fairshake and its affiliates spent at least $13.5 million in Nebraska, where Republican Pete Ricketts defeated independent Dan Osborn, and backed 32 House candidates; 29 of the 34 races it funded had been called as wins. The industry has spent about half a billion dollars over two election cycles, but Democratic control of Congress could bring greater oversight and scrutiny of its ties to Donald Trump.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.