Millions Spent by Solana Policy Institute-Backed PAC to Block Sherrod Brown's Senate Bid

A prominent conservative political action committee, the Sentinel Action Fund, which is backed by the Solana Policy Institute, has announced a substantial advertising expenditure in support of Republican John Husted, who is running against former Senator Sherrod Brown, a Democrat and vocal crypto critic, in the Ohio Senate election. The Sentinel Action Fund and its affiliated nonprofit, Right Vote, have committed $8 million to Husted's campaign, according to a recent statement. The committee has criticized Brown, who previously chaired the Senate Banking Committee, for allegedly hindering pro-innovation policies related to digital assets. The super PAC receives funding from the Solana Institute and crypto venture firm Multicoin Capital, as well as notable financial figures such as Blackstone CEO Stephen Schwarzman and billionaire Paul Singer. The leading donor to the PAC is a nonprofit organization called Townsend Six Corp., which was established in late 2024 with an $8 million contribution from an unidentified donor. The Ohio Senate election is expected to be a closely contested battle that will help determine the majority of the Senate next year. Recent polls have shown the race to be neck and neck between Husted and Brown. The Sentinel Action Fund joins other crypto industry PACs, such as Fairshake and the Fellowship PAC, in supporting candidates who are favorable to digital assets. The Solana Policy Institute has donated $750,000 to the Sentinel Action Fund, while also splitting its campaign spending between Republican and Democratic PACs with opposing goals. The outcome of the Senate election could potentially impact the course of crypto legislation, although the industry has garnered significant bipartisan support in Congress.