Fox News: Pro-crypto Republican Moreno wins Ohio Senate race

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Cointime2024/11/06 04:33

By:Cointime

On November 6th, FOX Business reporter Eleanor Terrett posted on X that the Fox News Decision Desk predicts that Republican Bernie Moreno, who supports cryptocurrency, will defeat Democratic Senator Sherrod Brown in Ohio, and the Republican Party is now closer to a majority in the Senate. The super PAC "Defend American Jobs," which supports cryptocurrency, spent $40.1 million to support Moreno, and his campaign raised at least $54,600 directly from the cryptocurrency industry. Prominent donors include Brian Armstrong, Marc Andreessen, benahorowitz.eth, cdixon.eth, and Fred Ehrsam.

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The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.

The Block•2025/02/02 17:11