How to know whether a candidate is on your side

Friends,

A crypto-backed PAC known as “Fairshake” just announced it would spend at least $30 million to help defeat Democrat Sherrod Brown in the race for Ohio’s Senate seat.

Ohio voters couldn’t have a clearer sign that Brown is on their side.

“Fairshake” is funded mainly by Big Crypto firms Coinbase and Ripple and venture capital giant Andreessen Horowitz. It has a war chest of more than $120 million.

In 2024, Big Crypto spent more than $40 million to defeat Brown, then chair of the Senate Banking Committee. A leading critic of crypto, Brown stopped industry-friendly crypto legislation in its tracks.

Brown lost by about 4 percentage points to GOP Senator Bernie Moreno — now a leading crypto booster in the Senate.

I don’t know of a more blatant case of big money corrupting the system.

But Brown is mounting a comeback bid in the Buckeye State, where he’s facing Sen. Jon Husted in a special election to replace Vice President JD Vance.

Big Crypto is going all out to stop Brown once again, because Brown hasn’t changed his views about the dangers of crypto.

Crypto’s promised public benefits are zilch while its costs and risks are increasing by the day. There’s simply no legitimate use for crypto. Its only practical uses are tax evasion, money laundering, human trafficking, fraud, speculation, and crime.