Policy: Crypto industry super PAC Fairshake has spent about $56 million, while a PAC backed by the Winklevoss brothers has added roughly $7.2 million, together seeking to block Ohio Senator Sherrod Brown’s reelection. Total spending against Brown over the past two years has exceeded $100 million. Election spending puts regulatory positions front and center, but what matters more is how the results affect the pace of future crypto legislation. Don’t read “pouring money into elections” as an immediate policy shift, and don’t overlook the influence individual senators can exert on the federal agenda.