Crypto Lobbyists Drop $32 Million on Senate Race Targeting Anti-Crypto Senator Sherrod Brown
CryptoNewsTerminal Staff17 Sep, 2024
Crypto Lobbyists Drop $32 Million on Senate Race Targeting Anti-Crypto Senator Sherrod Brown
Crypto lobbyists are pouring millions into the Ohio Senate race to support a candidate who opposes Democratic Sen. Sherrod Brown, a vocal critic of the crypto industry. Stand With Crypto, a crypto advocacy group, has given Brown an "F" grade. The group is spending $800,000 per day from Aug. 22 until the end of September to back Republican candidate Bernie Moreno. Moreno has expressed support for the crypto industry, while Brown has called for stricter regulation. The crypto industry has been spending heavily on lobbying in recent months, as it tries to influence the outcome of the midterm elections.
