A U.S. political action committee, the Sentinel Action Fund, backed by the Solana Policy Institute, has committed a substantial advertising spend 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, the Sentinel Action Fund and its affiliated nonprofit, Right Vote, have pledged $8 million to support Republican candidate Jon Husted. The committee has criticized Brown for allegedly 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 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., established in late 2024 with an $8 million contribution from an anonymous donor. The Ohio election is expected to be a closely contested Senate battle, with the majority of the chamber at stake. Recent polls indicate a tight race between Husted and Brown, despite Husted's initial strong lead.
The Sentinel Action Fund joins other crypto industry-backed 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 campaign spending between Republican and Democratic PACs. The outcome of the Senate election could significantly impact the course of crypto legislation, although the industry has garnered considerable bipartisan support in Congress.