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

A conservative US political action committee, the Sentinel Action Fund, which is backed by the Solana Policy Institute, has made a substantial commitment to advertising spend in opposition to former Senator Sherrod Brown, a Democrat and prominent crypto skeptic, who is attempting to return to Washington in the Ohio Senate election this year. 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 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 high-profile financial figures, including Blackstone CEO Stephen Schwarzman and billionaire co-CEO of Elliott Management, Paul Singer. The leading donor to the PAC is a nonprofit organization, 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 one of the highly contested Senate battles 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 entities, 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 party allegiances in its campaign spending, donating $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims.