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

A prominent US political action committee, the Sentinel Action Fund, which is backed by the Solana Policy Institute, has pledged a substantial advertising investment to support the opponent of former Senator Sherrod Brown, a Democrat and notable crypto critic, in the Ohio Senate election. The Sentinel Action Fund and its affiliate, Right Vote, have committed $8 million to support Jon Husted, the Republican candidate, according to a recent statement. The committee criticized Brown, who previously chaired the Senate Banking Committee, for allegedly hindering pro-innovation digital asset policies. 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 organization called 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, with the outcome potentially deciding the majority of the chamber for next year. Recent polls have shown the race between Husted and Brown to be closely contested. The Sentinel Action Fund joins other crypto industry-backed PACs, such as Fairshake and the Fellowship PAC, in supporting pro-digital asset candidates. 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.