- Cryptocurrency companies like Coinbase and Ripple Labs are actively supporting Republican candidate Bernie Moreno in the race for a U.S. Senate seat in Ohio.

- Crypto-related political action committees have pledged $40 million to support Moreno against Sen. Sherrod Brown, the chairman of the Senate Banking Committee and a known crypto-skeptic.

- Recent polls show Moreno leading Brown 51% to 49%, indicating the significant influence of cryptocurrency finance on the campaign.

- A Moreno victory could change the balance of power in the Senate and affect the future of cryptocurrency regulation in the U.S.