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

A US political action committee, the Sentinel Action Fund, backed by the Solana Policy Institute, has pledged significant advertising funds to support the opponent of former Senator Sherrod Brown, a Democrat and prominent cryptocurrency critic, in the Ohio Senate election. The committee, along with its nonprofit affiliate Right Vote, has committed $8 million to support Jon Husted, the Republican candidate. The PAC has accused Brown of hindering pro-innovation policies related to digital assets during his previous tenure as chairman of the Senate Banking Committee. The Sentinel Action Fund is partially funded by the Solana Institute, Multicoin Capital, and several high-profile financial figures, including Blackstone CEO Stephen Schwarzman and billionaire 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 a highly contested Senate battle, with the outcome potentially deciding the majority of the chamber for next year. Recent polls have shown a neck-and-neck race between Husted and Brown, despite Husted's initial strong lead. The Sentinel Action Fund joins other pro-digital assets PACs, such as Fairshake and Fellowship PAC, in supporting candidates who favor the crypto industry. The Solana Policy Institute has donated $750,000 to the Sentinel Action Fund, while also splitting its party allegiances in campaign spending, donating $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims.