Bernie Moreno, a Republican businessman with backgrounds in auto dealerships and blockchain technology, has defeated incumbent Democratic Senator Sherrod Brown in Ohio.\u00a0The victory has major implications for both the US Senate\u2019s balance of power and the regulatory landscape for crypto.<\/p>\n
\u201cAnother anti-crypto one bites the dust,\u201d exclaimed<\/a> Custodia Bank founder and CEO Caitlin Long.<\/p>\n \u201cGetting rid of Sherrod Brown is good,\u201d commented venture capitalist Adam Cochran, who added that he was the worst person on the finance committee by far, \u201cincredibly dishonest with his attacks on crypto and fintech.\u201d<\/p>\n Getting rid of Sherrod Brown is good.<\/p>\n Worst person on the finance committee, by far, was incredibly dishonest with his attacks on crypto and fintech. https:\/\/t.co\/krvjNgo6QM<\/a><\/p>\n \u2014 Adam Cochran (adamscochran.eth) (@adamscochran) November 6, 2024<\/a><\/p>\n\n Moreno leveraged support from Donald Trump and Senator JD Vance, and his victory puts the Republicans closer to potential Senate control.\u00a0The crypto industry spent around $40 million to defeat the 50-year veteran Brown, according<\/a> to Bloomberg.<\/p>\n In late October, Moreno said<\/a> he was proud to have the support of the cryptocurrency industry, adding that if elected, he would seek to give \u201cregulatory certainty\u201d to Bitcoin and other digital currencies.<\/p>\n He added that he supported the concept of creating a strategic Bitcoin reserve and thinks American retirement accounts should include crypto assets.\u00a0Moreno successfully pushed for Ohio to become the first state to accept Bitcoin for tax payments in 2018.<\/p>\n However, he lamented that he regrettably sold his Bitcoin<\/a>, dispelling ideas that he was supporting the crypto industry for personal gain.<\/p>\n Brown, a staunch ally of SEC Chair Gary Gensler, was as vehemently opposed to the crypto industry as his colleague on the Banking Committee, Elizabeth Warren.<\/p>\n However, in a loss for the crypto industry, Warren secured her third term as the senator of Massachusetts, defeating<\/a> crypto lawyer John Deaton by 60% to 40%.<\/p>\n Elizabeth Warren henchman Sherrod Brown has been defeated by @berniemoreno<\/a> for Ohio Senate. This is what happens when you mess with the crypto army.<\/p>\n \u2014 Cameron Winklevoss (@cameron) November 6, 2024<\/a><\/p>\n\n Donald Trump won the 17 electoral votes for Ohio with 3 million votes to Kamala Harris\u2019 2.4 million.\u00a0Democratic Representative and former speaker Nancy Pelosi won re-election to a House seat representing California.<\/p>\n The Republicans have won control of the US Senate, retaking the chamber for the first time in four years, reported AP on Nov. 6.<\/p>\n This gives them a major power center in Washington and a lead role in confirming the next president\u2019s Cabinet.<\/p>\n At the time of writing, Donald Trump was leading Kamala Harris with 247 electoral votes<\/a> to 210. Meanwhile, Polymarket odds of Trump winning exploded to 94% on the blockchain betting platform.<\/p>\n The post Anti-Crypto Senate Banking Chair Sherrod Brown Ousted in Ohio\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bernie Moreno, a Republican businessman with backgrounds in auto dealerships and blockchain technology, has defeated incumbent Democratic Senator Sherrod Brown in Ohio.\u00a0The victory has major implications for both the US Senate\u2019s balance of power and the regulatory landscape for crypto. \u201cAnother anti-crypto one bites the dust,\u201d exclaimed Custodia Bank founder and CEO Caitlin Long. \u201cGetting […]<\/p>\n","protected":false},"author":0,"featured_media":18233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18232"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18232"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18233"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Victory for Crypto<\/h2>\n
Republicans Win Senate<\/h2>\n