Odaily Planet Daily News - U.S. Republican Senate candidate Bernie Moreno has stated that he has sold his Bitcoin assets to address potential conflicts of interest with the crypto industry. He has received over $40 million in support from the 'Defend American Jobs' political action committee to challenge incumbent Senator Sherrod Brown. Moreno expressed pride in receiving support from the crypto industry, emphasizing that it was due to the industry's alignment with his views rather than a consensus between them. Meanwhile, Brown, as the chair of the banking committee, holds a skeptical stance on digital assets. Many polls from October indicate that the chances of Moreno and Brown winning in the 2024 election are within the margin of error, and this seat could determine whether the Republicans can control a majority in the Senate. Even if Brown defeats Moreno and the Republicans win a majority in the Senate, he may have to give up his position as chair of the Senate Banking Committee starting January 2025. In addition to the funding from the supporting PAC, several notable cryptocurrency executives have also directly donated to Moreno's campaign, including Gemini co-founders Cameron and Tyler Winklevoss, Coinbase co-founder Fred Ehrsam, and Coinbase CEO Brian Armstrong. (Cointelegraph)

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