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

A conservative US PAC, the Sentinel Action Fund, backed by the Solana Policy Institute, has pledged a significant advertising spend to support the opponent of former Senator Sherrod Brown, a Democrat and prominent crypto critic, in the Ohio Senate election. The PAC, along with its affiliated nonprofit Right Vote, has committed $8 million to support Republican candidate Jon Husted, according to a recent statement. The committee has accused Brown of hindering pro-innovation policies related to digital assets during his previous tenure as chairman of the Senate Banking Committee. The super PAC receives funding from the Solana Institute, crypto venture firm Multicoin Capital, and several prominent financial figures, including 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 highly 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, while also splitting its party allegiances in its campaign spending, donating $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims.