Bernie Moreno, a Republican businessman and blockchain enthusiast, has defeated Democratic Senator Sherrod Brown in Ohio. This victory has a significant impact on the US Senate’s balance of power and the regulatory landscape for crypto. Moreno’s win means that Republicans are closer to potential Senate control, and he has leveraged support from Donald Trump and Senator JD Vance.
Moreno has previously pushed for Ohio to become the first state to accept Bitcoin for tax payments and has expressed interest in providing regulatory certainty for digital currencies. However, Senator Warren, a staunch ally of SEC Chair Gary Gensler, secured her third term as the senator of Massachusetts, defeating crypto lawyer John Deaton.
The Republicans have won control of the US Senate, retaking the chamber for the first time in four years.
