Crypto‑aligned PAC Fairshake to spend $30 M opposing Sherrod Brown in 2026 Ohio Senate race

Fairshake, a political action committee backed primarily by cryptocurrency firms Coinbase and Ripple Labs, announced a $30 million spending plan to oppose Democrat Sherrod Brown’s 2026 campaign for the U.S. Senate seat from Ohio.

Background from the 2024 election

In the 2024 Ohio Senate race, Fairshake spent roughly $41 million supporting Republican Bernie Moreno and opposing Brown. The combined spending of Fairshake and other groups exceeded $300 million, and Brown lost to Moreno by about four percentage points.

Planned 2026 expenditures

Fairshake spokesperson Geoff Vetter confirmed the $30 million figure and indicated that additional expenditures may be announced before the November 3 midterm elections. The PAC’s war chest was reported at $122 million in August, positioning it as a major player in the upcoming election cycle.

Broader crypto industry involvement

The Ohio race is one of several key contests where crypto‑aligned groups are seeking to influence outcomes ahead of the 2026 elections, which will determine control of both the House of Representatives and the Senate.

Responses

Cointelegraph’s request for comment from Sherrod Brown’s campaign went unanswered. Vetter declined to discuss specific strategy for the 2026 midterms.