Republican candidate Bernie Moreno has defeated incumbent US Senator Sherrod Brown in the recent elections, with Moreno leading in the vote count 50.6% to 46% as of 11:30 pm ET, when 91% of the votes were reported. At the time of publication, Moreno had not made a public statement and Brown had not conceded the election. Senator Brown, who chairs the Senate Banking Committee, has been viewed unfavorably by the crypto industry due to his opposition to key crypto resolutions. Moreno, a car salesman, made cryptocurrency a focal point of his campaign, promising to block a Central Bank Digital Currency (CBDC) and oppose measures he deems harmful to the cryptocurrency ecosystem. A crypto super PAC has heavily financially supported Moreno's campaign. His victory was seen as significant, especially in the context of his stance against prominent crypto adversaries like Brown.

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