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

A conservative US political action committee, the Sentinel Action Fund, backed by the Solana Policy Institute, has pledged a substantial advertising spend to oppose former Senator Sherrod Brown, a Democrat and notable crypto skeptic, in his bid to return to Washington in the Ohio Senate election this year. According to a statement released on Wednesday, Sentinel and its affiliated nonprofit, Right Vote, have committed $8 million to support Jon Husted, the Republican candidate, accusing Brown of hindering pro-innovation policies related to digital assets during his tenure as chairman of the Senate Banking Committee. The super PAC receives funding from the Solana Institute, crypto venture firm Multicoin Capital, and prominent financial figures such as Blackstone CEO Stephen Schwarzman and billionaire 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 to be neck and neck, despite Husted initially having a strong lead over Brown. The Sentinel Action Fund joins other crypto industry PACs, such as Fairshake and Fellowship PAC, in supporting pro-digital assets candidates. The Solana Policy Institute has donated $750,000 to the Sentinel Action Fund, while also contributing to both Republican and Democratic PACs with opposing aims.