Midterms deliver a bruising night for crypto
Over $64M USD of industry money failed to stop Sherrod Brown. Pro-crypto Republicans lost seats, Democrats took the Senate and Maxine Waters is set to chair House Financial Services.

Sherrod Brown won Ohio's Senate race despite over $64 million in crypto industry spending against him, and could take a committee leadership role with crypto jurisdiction. Pro-crypto House Republicans Bryan Steil, Zach Nunn and Ann Wagner lost their seats; Mike Lawler conceded to Cait Conley, though AP has not called NY-17. Democrats expanded their Senate majority under DSCC Chair Kirsten Gillibrand, while Republicans lost the chamber under NRSC Chair Tim Scott, who is expected to shift from Banking Chair to Ranking Member. French Hill appears likely to survive narrowly and become Ranking Member as Maxine Waters takes the Financial Services gavel. Andy Barr won Kentucky's open Senate seat, and Pete Ricketts won in Nebraska.

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