This race is critical in determining the majority in the US Senate, and political donations from the cryptocurrency industry in particular make this race even more remarkable.

Financial support from political action committees (PACs) backed by major crypto firms such as Coinbase and Ripple Labs has bolstered Moreno’s fight against Senator Sherrod Brown, the cryptocurrency-skeptic chairman of the Senate Banking Committee.

Bernie Moreno is known as a businessman involved in the cryptocurrency world, and this position has quickly made him popular among voters in Ohio. Especially the huge expenses of the crypto industry were one of the factors that made Moreno stand out in this race.

Donations made through political action committees fueled a massive campaign against Brown. These committees have allocated $40 million to date for the U.S. Senate race in Ohio. This figure shows how influential the crypto industry can be when it comes to political donations and what an important role it plays in this race.

The crypto industry’s single largest spending was by Fairshake PAC and its affiliated groups, particularly Defend American Jobs. Fairshake initially announced it would allocate $12 million to the fight in Ohio, but it quickly exceeded that amount, making it a significant contribution to Moreno’s campaign. These expenditures were directed to television and digital media ads in favor of Moreno, making a huge impact on voters in Ohio.

With Fairshake’s support, Bernie Moreno made a significant breakthrough among voters in Ohio. A poll in early August showed Moreno with 39.6% support among likely voters. This rate was below Senator Sherrod Brown’s 48.3% support. However, with the introduction of Fairshake, the survey results began to change.

According to the latest ActiVote poll, Moreno came out ahead with 51% support, while Brown remained at 49%. Although this poll has a margin of error of about 5%, it shows Moreno’s campaign is growing stronger.

Moreno’s rise is observed not only in one poll, but also in general poll averages. The average of polls by FiveThirtyEight.com shows Moreno gaining 2.3 percentage points since Fairshake came into play.

This clearly shows the impact of the crypto industry on the Senate race in Ohio and the momentum Moreno gained thanks to it.

The cryptocurrency industry’s massive donations have the potential to have a broader impact not only in this key Senate race in Ohio, but also in U.S. politics. Bernie Moreno’s meteoric rise reveals how the crypto industry’s political donations can make a difference.

How voters in Ohio react to this change and whether Moreno’s rise continues until election day will determine the outcome of this race.