A conservative US political action committee, the Sentinel Action Fund, backed by the Solana Policy Institute, has pledged a substantial advertising budget to support the opponent of former Senator Sherrod Brown, a Democrat and prominent crypto critic, in the Ohio Senate election. According to a recent statement, Sentinel and its affiliated nonprofit, Right Vote, have committed $8 million to support Jon Husted, the Republican candidate, accusing Brown of hindering pro-innovation policies for digital assets.
The super PAC is funded in part by the Solana Institute, crypto venture firm 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, 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 closely contested Senate battle that will determine the majority of the chamber next year. Recent polls have shown the race to be neck and neck, with Sentinel joining other crypto industry PACs, such as Fairshake and 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 campaign spending, donating $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims.