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Crypto PACs Lose Key Races After Spending Millions in Midterms
Crypto-focused super PACs spent over $176 million in the 2026 US midterms, but faced significant losses. They spent $64 million to defeat Democrat Sherrod Brown in Ohio, who ultimately won with 49.7% of the vote against Republican Jon Husted's 45.5%. The political landscape has shifted unfavorably for the crypto industry, with Democrats gaining control of Congress, which may hinder future legislation like the CLARITY Act.