Solana Policy Institute-backed PAC Invests Heavily to Challenge Sherrod Brown's Senate Bid

A major U.S. political action committee, the Sentinel Action Fund, which is backed by the Solana Policy Institute, has pledged significant advertising funds to support the opponent of former Senator Sherrod Brown, a prominent crypto skeptic attempting to regain his seat in the Ohio Senate election this year. The Sentinel Action Fund and its affiliated nonprofit, 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 policies related to digital assets. The super PAC receives partial funding from the Solana Institute and crypto venture firm Multicoin Capital, as well as 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 highly contested Senate battle that will help determine the majority of the chamber next year. Recent polls have shown the race 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 campaign spending between Republican and Democratic PACs with opposing aims.