Two years, over $100 million—the crypto industry has spent so much money on one thing: preventing one man from returning to the U.S. Senate. That man is Sherrod Brown, whom the crypto community already helped oust in 2024. Yet, just before tomorrow's vote, CoinDesk reports he's slightly ahead in Ohio polls, with market analyst Kalshi predicting a 68% chance of his return to the Senate. Let's first understand why he's causing such anxiety in the crypto world. Brown served as chairman of the Senate Banking Committee, and during his years in office, he consistently refused to take on the crypto bill, hindering efforts in the House of Representatives. In 2024, a prominent figure in the crypto community publicly called him "one of the most anti-crypto senators," and the super PAC Fairshake spent approximately $40 million to help Republican Bernie Moreno oust him. The story should have ended there, but he's back this year, aiming for the seat of incumbent Republican Senator Jon Husted. This time, the crypto community is going all out. According to CoinDesk, Fairshake has spent approximately $56 million this year specifically targeting him, accounting for more than a third of the PAC's total investment. The Digital Freedom Fund, backed by the Winklevoss brothers, has also invested $7.2 million in Ohio, with $4.2 million directly used to oppose Brown. CoinDesk states that over $100 million has been spent opposing him in the past two years, and the three major crypto PACs have collectively spent nearly $170 million in this round. According to OpenSecrets data, the crypto industry is the biggest spender in this election. Despite the increasing spending, Brown's poll numbers remain slightly ahead within the margin of error, leading CoinDesk to classify the election as a 50/50 "tossup." The real headache is what would happen if he won. CoinDesk cites analysts saying that Brown is likely to receive a high-ranking position upon his return, possibly even becoming chairman of the Senate Agriculture Committee, which oversees US derivatives regulation. However, he lost the 2024 election, interrupting his seniority. According to Senate seniority rules, the Democrats would have to make an exception for him. Assuming the Democrats also win the Senate, there's still someone waiting for the Banking Committee chair position: Elizabeth Warren, a long-time rival in the crypto world. The market structure bill, CLARITY, which stalled this year after much discussion, relies heavily on Democratic votes to pass the 60-vote threshold in the Senate. The market has been weighing this for a while. Bloomberg surveyed 301 investors and financial professionals from October 2nd to 17th. If Republicans control Congress, 29% expect Bitcoin to reach $100,000 by the end of the year; with Democrats in control, that percentage drops to 8%, and 16% believe it will fall below $60,000. The sample size is small, so it can only be considered sentiment, but the direction is clear. My understanding is that the crypto world has learned to vote with money in the past two years, but voters don't necessarily follow the script. Brown's statement, "They know I'll fight them head-on," now sounds more like a declaration of war. The person you spent $100 million to get rid of might come back tomorrow in a much more important position. If Brown does return, do you think that $100 million was wasted, or did it actually make him an even tougher opponent in the crypto world? Other key points for today are shown in the image. US Midterm Elections, Cryptocurrency, Crypto Market Daily Briefing