Crypto spent $55 million defending a senator who already backed CLARITY
Crypto-backed group Defend American Jobs spent more than $55 million backing Ohio Republican Jon Husted and opposing Sherrod Brown, part of roughly $176 million crypto groups spent across more than 100 races. The campaign aims to shape Congress and preserve support for crypto legislation, but Husted’s reelection would not resolve obstacles to the CLARITY Act. The bill failed to advance in September after falling short of the Senate’s 60-vote threshold. Disputes include stablecoin rewards and their potential effect on bank deposits, as well as illicit finance, prediction markets and ethics. Any revised bill would need bipartisan Senate support and House approval; legislation not enacted by Jan. 3, 2027, would need to be reintroduced in the next Congress.
