U.S. Senate Republican candidate Bernie Moreno stated that he has sold all of his Bitcoin holdings

2024-10-29 10:01:23

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ChainCatcher news, according to Cointelegraph, Ohio U.S. Senate Republican candidate Bernie Moreno claims he has sold a Bitcoin (BTC) holding worth $70,006, apparently to avoid potential conflicts of interest with support from the cryptocurrency industry. Moreno stated that he is "proud" of the support he has received from the crypto industry in his campaign to defeat Senator Sherrod Brown.

The Senate candidate has received over $40 million in support through media purchases from the political action committee (PAC) Defend American Jobs, which is affiliated with Fairshake and primarily helps Republican candidates. In addition to PAC funding, several well-known cryptocurrency executives, including Gemini co-founders Cameron and Tyler Winklevoss, Coinbase co-founder Fred Ehrsam, and Coinbase CEO Brian Armstrong, have also directly donated to Moreno's campaign. Moreno claims that if elected senator, he hopes to provide "regulatory certainty" for the cryptocurrency industry.

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