Colombian businessman Bernie Moreno bested Sherrod Brown in the Senate race in Ohio. With 95% of the votes counted, Moreno received 50.3% support, compared to 46.3% for Brown, who has been in this position since 2007.
Moreno’s win is a boost for the cryptocurrency sector, who widely supported his campaign through the Fairshake which is in favor of crypto currency, investing more than US$40 million.
Companies such as Coinbase Global and Ripple Labs supported Moreno, seeing him as an ally to challenge restrictive policies towards the inspired cryptocurrencies. by figures such as the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, and Sherrod Brown himself.
Bernie Moreno
But who is Bernie Moreno? Born in Bogotá, Colombia, he immigrated to the United States at the age of five and built his career as a businessman in Ohio, where he also established a group of car dealerships.
In addition, he co-founded ChampTitles in 2018, a blockchain technology company focused on digitizing car titles.although he recently separated and sold his share in the company.
Likewise, his career was marked by other dealership businesses in Ohio. Moreno has worked alongside influential people in the past, and He was recognized among businessmen for his success in the automotive world, managing up to 30 dealerships in the United States.
As a senator, Moreno has expressed his commitment to fight for policies that favor technological innovation and cryptocurrencies in the context of increasing control in Washington.
During his victory speech, Moreno noted that he will work for the benefit of American citizens.“We need leaders in America who put our interests above their own. We are tired of leaders who think we are trash. “We are tired of being treated like trash,” he said.
Bernie Moreno, Senator in Ohio and Donald Trump, president-elect of the United States.
“Being able to represent you in Washington DC is the greatest honor of my life, and I will not let you down”Moreno promised.
Bernie comes from a family with strong political and business roots in Latin America. Your brother, Luis Alberto Moreno was president of the Inter-American Development Bank, IDB, for 15 years and an influential diplomat in Washington.
As former president of the IDB, Luis Alberto played a key role in the approval of Plan Colombia and in the strengthening of bilateral relations between the United States and Colombia. His other brother, Roberto Moreno, is the president of the construction company Amarilo, one of the most important companies in the real estate sector in Colombia.
So far, several pro-cryptocurrency candidates have been elected in Congress, such as Moreno. More than 240 pro-cryptocurrency candidates for the House of Representatives and 15 for the Senate.
With this victory, Moreno stands himself as one of the representatives of Latin with a greater projection within the Republican Party, especially regarding issues of innovation and the digital economy.
“Welcome to the most pro-currency US Congress ever”said Brian Armstrong, CEO of Coinbase, commenting on Moreno’s win in a post on X.
Interview between Time.news Editor and Cryptocurrency Expert Dr. Elena Torres
Editor: Welcome, Dr. Torres! Today, we have a lot to discuss regarding the recent Senate election result in Ohio, where Bernie Moreno defeated Sherrod Brown. What are your immediate thoughts on this surprising outcome?
Dr. Torres: Thank you for having me! I think Moreno’s victory is a significant pivot not just for Ohio politics but also for the broader cryptocurrency landscape in the United States. His campaign received overwhelming support from the crypto community, underscoring how important cryptocurrency has become for political financing and advocacy.
Editor: That’s right. His campaign was reportedly backed by over $40 million through the Fairshake initiative. How do you think this financial support has influenced his win?
Dr. Torres: The financial backing from major players like Coinbase and Ripple was crucial. Moreno positioned himself as a pro-crypto candidate, which resonated with a demographic that feels marginalized by current regulations. This not only mobilized voters but showcased the political clout that the cryptocurrency sector can wield. It’s a strong message that can signal shifts in policy towards a more favorable regulatory environment for cryptocurrencies.
Editor: You mentioned the regulatory environment. How do you see Moreno’s election affecting current regulations, particularly concerning figures like Gary Gensler from the SEC?
Dr. Torres: Moreno’s election could be a game-changer. He has openly criticized the restrictive measures advocated by Gensler and others. With his business background and experience in the tech sector, we could see him promoting legislation that favors innovation and entrepreneurship in the crypto space. It’s an opportunity for lawmakers to reconsider the balance between consumer protection and technological advancement.
Editor: Speaking of his background, Bernie Moreno has an inspiring story—immigrating from Colombia and becoming a successful businessman with a focus on automobile dealerships and blockchain technology. How does his personal narrative influence his appeal among voters?
Dr. Torres: His background resonates deeply with voters. It embodies the American dream, showcasing how hard work and innovation can lead to success. Furthermore, his expertise in blockchain through his co-founding of ChampTitles adds credibility to his stance on cryptocurrency. Voters often connect with candidates who have faced challenges and emerged successful because it reflects resilience and a commitment to bettering society.
Editor: During his victory speech, Moreno emphasized the need for leaders who prioritize American interests, reflecting a sentiment many share. Do you think this populist approach will help him in the Senate?
Dr. Torres: Absolutely. His message aligns with the frustrations of many Americans who feel overlooked by long-standing politicians. By focusing on the interests of the American public—particularly in technology and job creation—he’s poised to resonate with constituents across party lines. This could lead to greater support for initiatives he champions in the Senate.
Editor: As a final takeaway, what should we be watching for as Moreno takes office and starts to advocate for policies that favor cryptocurrency?
Dr. Torres: We need to monitor the proposed legislation and the response from regulatory bodies. Watch for Moreno’s alliances with other lawmakers who share his views on technology and innovation. Additionally, keep an eye on grassroots movements within the cryptocurrency community as they mobilize to support his initiatives. This dynamic could reshape not only Ohio’s policies but the national conversation around cryptocurrency and blockchain.
Editor: Thank you, Dr. Torres! Your insights have been invaluable as we navigate this significant political shift that impacts the tech industry and cryptocurrency. We look forward to seeing how Moreno’s tenure unfolds.
Dr. Torres: Thank you for having me! I’m excited to see how this all develops.