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Rolling Stone: Crypto Comes For SHERROD BROWN: $32 Million in Ads Boosting His Opponent
Rolling Stone link: https://www.rollingstone.com/politics/politics-features/sherrod-brown-crypto-bernie-moreno-millions-1235102478/
The end of 2023 was not a great time for the crypto industry. In November, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, learned that no amount of Michael Lewis gymnastics could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to 25 years in prison after disappearing $11 billion of other people’s money. The following month, Sen. Elizabeth Warren sent letters to three crypto industry giants, the Blockchain Association, Coin Center, and Coinbase, criticizing them for undermining efforts to rein in crypto’s use in terrorist financing.
Around the same time, crypto groups began making noises about spending money in 2024 to defeat Ohio Sen. Sherrod Brown, the current chairman of the Senate Banking Committee. Brown is a profound skeptic of the industry and signed off on Warren holding hearings on crypto’s possible links to terrorism. Asked about the threats, Brown, a mop-topped Democrat with a raspy voice and wry sense of humor, said he was unconcerned.
“Bring ’em on,” he told reporters, according to Politico. “They’ve had a bad six months. They clearly have betrayed the public interest. If they think that’s the way to attack someone politically? Pretty amazing.” Brown had no idea.
Rolling Stone has learned that crypto interests are set to spend $32 million on TV ads promoting Bernie Moreno, Brown’s Republican opponent, by the end of September, according to Democratic media buyers. The spending began on August 22 — meaning the crypto interests are spending more than $800,000 per day to flip the Ohio Senate seat, and potentially control of the Senate.
- more at link -
Around the same time, crypto groups began making noises about spending money in 2024 to defeat Ohio Sen. Sherrod Brown, the current chairman of the Senate Banking Committee. Brown is a profound skeptic of the industry and signed off on Warren holding hearings on crypto’s possible links to terrorism. Asked about the threats, Brown, a mop-topped Democrat with a raspy voice and wry sense of humor, said he was unconcerned.
“Bring ’em on,” he told reporters, according to Politico. “They’ve had a bad six months. They clearly have betrayed the public interest. If they think that’s the way to attack someone politically? Pretty amazing.” Brown had no idea.
Rolling Stone has learned that crypto interests are set to spend $32 million on TV ads promoting Bernie Moreno, Brown’s Republican opponent, by the end of September, according to Democratic media buyers. The spending began on August 22 — meaning the crypto interests are spending more than $800,000 per day to flip the Ohio Senate seat, and potentially control of the Senate.
Fellow DUers - this is critical. If anyone has some spare change handy, please consider making a donation to Sherrod Brown's campaign for re-election to the US Senate. Senator Brown's leadership in the Senate is inestimable and we can't afford to lose him.
The chips are down folks. Please help if you can!
(link) https://www.sherrodbrown.com/
8 replies
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...because he seems the weaker candidate than Colin Allred in a lot of ways. The media doesn't want to admit it because it's so much easier to say "We're a red state" and be done with it.
Bull sh*t! I want to believe Texas is in play, at least for the Senate seat.
