A prominent conservative PAC, the Sentinel Action Fund, which is supported by the Solana Policy Institute, has pledged a substantial advertising spend to support the opponent of former Senator Sherrod Brown, a well-known crypto skeptic, in the Ohio Senate election. According to a recent statement, the Sentinel Action Fund and its affiliated nonprofit, Right Vote, have committed $8 million to support Jon Husted, the Republican candidate. 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 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 one of the highly contested Senate battles that will determine the majority of the chamber next year. Recent polls have shown a neck-and-neck race between Husted and Brown, despite initial indications that Husted had a strong lead. The Sentinel Action Fund joins other pro-digital assets PACs, such as Fairshake and the Fellowship PAC, in supporting candidates who favor digital assets. The Solana Policy Institute has donated $750,000 to the Sentinel Action Fund, while also splitting its party allegiances in its campaign spending, donating $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims.