Sherrod Brown Returns to Senate as Crypto-Backed House Members Lose

U.S. Sen. Sherrod Brown won a return to the Senate as three crypto-supportive House Republicans lost their seats, setting up a potential shift in congressional oversight of digital assets after Tuesday's midterm elections.

More than $64 million in crypto industry spending failed to stop Brown's return. He could take a leadership role on a Senate committee with jurisdiction over crypto. Republicans lost control of the Senate. Sen. Tim Scott, current chair of the Senate Banking Committee, is expected to become the panel's top Republican in the next Congress.

Republican Reps. Bryan Steil, Zach Nunn and Ann Wagner lost their House seats. Rep. Mike Lawler conceded defeat, while New York's 17th Congressional District remained uncalled. Several crypto-supportive lawmakers won: Sen. Pete Ricketts prevailed in Nebraska, and Rep. Andy Barr won Kentucky's open Senate seat, succeeding Mitch McConnell. Barr may seek a place on the Senate Banking Committee.