Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
The crypto industry has thrown its weight behind Bernie Moreno, a Republican candidate in the crucial Ohio Senate race, as part of a broader effort to influence U.S. legislative decisions that could shape the future of digital currencies.
Moreno, a former entrepreneur and blockchain advocate, has received over $38 million in contributions from major crypto companies, executives, and investors, according to federal records analyzed by The Washington Post.
The donations have fueled a wave of advertisements in Ohio promoting Moreno’s candidacy.
The ads, funded by a network of super PACs linked to the cryptocurrency sector, highlight Moreno’s commitment to job creation, combating illegal immigration, and protecting local families.
Despite the absence of any direct mention of the crypto industry’s involvement, these ads aim to sway Ohio voters in what has become a pivotal Senate contest.
Moreno, 57, has been a vocal supporter of digital currencies.
He has also made appearances at industry events across the country, pledging to be a defender of the industry in Congress.
“Today, in the United States Senate, you don’t have people who know how to use email, and we’re asking them to regulate digital currencies,” Moreno told attendees at a crypto conference in Austin earlier this year.
He emphasized the need for lawmakers who understand the technology to avoid being swayed by special interests.
Bernie Moreno is in north Columbus this morning, holding a news conference w/ two dozen sheriffs, including Richard Jones of Butler County. both
Read more on cryptonews.com