Crypto’s Millions Yield Win as Moreno Takes Ohio Senate Race (1)

Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign.

Moreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track for a Senate majority. Brown, a crypto skeptic and the chairman of the Senate Banking Committee, was one of the most high-profile Democrats vying for election.

Read More: Sherrod Brown Ousted in Ohio as Republicans Flip Senate Seat

Bernie Moreno on Nov. 4.

Photographer: Stephen Maturen/Getty Images

Pro-crypto super PAC Fairshake spent some $40 million to defeat Brown in one of its priority races ...