Sherrod Brown defeated Jon Husted, a blow to crypto PAC Fairshake. The read-through: crypto political spend is not guaranteed to buy outcomes, so policy risk for the sector stays headline-driven.

What happened: Former Democratic Sen. Sherrod Brown won back his Senate seat, defeating Jon Husted. The result is described as a blow to the crypto political action committee Fairshake. Why it matters: The outcome leaves Fairshake, a crypto PAC, on the losing side of a Senate race it was involved in, according to the report.

Former Democratic Sen. Sherrod Brown won back his Senate seat, defeating Jon Husted. The result is described as a blow to the crypto political action committee Fairshake.

The outcome leaves Fairshake, a crypto PAC, on the losing side of a Senate race it was involved in, according to the report.