The Republican primary win of blockchain businessman Bernie Moreno in Ohio has set up the congressional race to watch for the crypto industry.
Ohio's U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown , the sitting Senate Banking Committee chairman who has stood in the way of the development of regulatory legislation.that focuses on property titles, won the Republican nomination Tuesday in the battleground state where Brown has previously held his ground, despite most of its statewide offices being held by Republicans.
If Brown loses, it not only changes the leadership of the committee, but it may also change the party with majority status in the Senate. In this session, the Senate has teetered at a 50-50 split that's broken to the Democrats' benefit by the vice president. It only takes one seat to shift and grant Republicans the majority, which would also give the party control of all the chairs of the committees that would need to pass crypto bills.