• Key insight: The Ohio Senate race between Democrat Sherrod Brown and incumbent Republican Jon Husted is emerging as a high-profile test of crypto’s political clout. 
• Forward look: A Democratic-led Congress could bring greater scrutiny of crypto and prediction markets, giving traditional banks an incentive to keep a lower profile.

WASHINGTON — Cryptocurrency companies are spending heavily to elect allies and defeat critics in this year’s midterms, testing whether they can replicate their 2024 political success while positioning themselves for Washington’s power shift. 

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Crypto corporations have contributed $233 million to super PACs and hybrid PACs during the 2026 election cycle, according to Public Citizen’s analysis…