Crypto PACs Lose Key Races After Spending Millions in Midterms Crypto-focused super PACs spent more than $176 million in the 2026 US midterms, but faced significant losses, including a $64 million effort to defeat incumbent Democrat Brown in Ohio. Despite Brown's previous criticisms of the crypto sector, he softened his stance during the campaign, ultimately winning with 49.7% of the vote against Republican John Husted's 45.5%. The political landscape has changed for the worse for the crypto industry, with Democrats gaining control of Congress, which could hinder future legislation like the Clarity Act.

Crypto PACs Lose Key Races After Spending Millions in Midterms Crypto-focused super PACs spent more than $176 million in the 2026 US midterms, but faced significant losses, including a $64 million effort to defeat incumbent Democrat Brown in Ohio. Despite Brown's previous criticisms of the crypto sector, he softened his stance during the campaign, ultimately winning with 49.7% of the vote against Republican John Husted's 45.5%. The political landscape has changed for the worse for the crypto industry, with Democrats gaining control of Congress, which could hinder future legislation like the Clarity Act.