727 FinancePANews October 17 news, according to Cointelegraph, political action committees (PACs) related to the crypto industry have invested more than $52 million in the Ohio Senate race to oppose former Democratic Senator Sherrod Brown and support Republican incumbent Senator Jon Husted.
The main spender is Fairshake's affiliated Defend American Jobs, which has spent $46.6 million on media advertising, a significant increase from the previously announced plan of $30 million. The PAC is mainly funded by Coinbase and Ripple Labs. In addition, the Digital Freedom Fund founded by Gemini co-founders the Winklevoss brothers also added about $3 million in advertising spending this week, bringing its cumulative investment in the race to more than $5.9 million.