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

A conservative political action committee, the Sentinel Action Fund, which is backed by the Solana Policy Institute, has committed a substantial advertising spend to support the opponent of former Senator Sherrod Brown, a prominent crypto skeptic, in the Ohio Senate election. The Sentinel Action Fund and its affiliated nonprofit, Right Vote, have pledged $8 million to support Jon Husted, the Republican candidate, according to a recent statement. The committee has accused Brown, who previously chaired the Senate Banking Committee, of hindering pro-innovation policies related to digital assets. The super PAC is partially funded by the Solana Institute and Multicoin Capital, as well as prominent financial figures such as Stephen Schwarzman, Ken Fisher, Cliff Asness, and Paul Singer. The leading donor to the PAC is a nonprofit, Townsend Six Corp., which was established in late 2024 with an $8 million contribution from an unidentified donor. The Ohio election is expected to be a closely contested Senate battle that will determine the majority of the chamber next year. Recent polls have shown the race between Husted and Brown to be neck and neck, despite Husted's initial strong lead. The Sentinel Action Fund joins other crypto industry PACs, such as Fairshake and the Fellowship PAC, in supporting pro-digital assets candidates. The Solana Policy Institute has donated $750,000 to the Sentinel Action Fund, and has split its campaign spending between Republican and Democratic PACs. The outcome of the election could potentially impact the course of crypto legislation, although the industry has garnered significant bipartisan support in Congress.