The crypto industry's political action committees have spent over $52 million to support the Republican Senate candidate in Ohio

Odaily News: Political action committees (PACs) associated with the crypto industry have spent more than $52 million in the Ohio Senate race to support Republican incumbent Senator Jon Husted and oppose former Democratic Senator Sherrod Brown.

Among them, Fairshake's affiliated PAC, Defend American Jobs, is the main spender, having invested $46.6 million in media advertising, significantly higher than its previously announced spending plan of $30 million.

It is reported that this PAC mainly receives financial support from Coinbase and Ripple Labs. (Cointelegraph)