Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown's Senate run
A Solana-backed PAC is spending millions to oppose Sherrod Brown's Senate re-election bid, citing his stance on digital assets.Summary
The Sentinel Action Fund, a political action committee backed by the Solana Policy Institute and crypto venture firm Multicoin Capital, has committed $8 million to support Republican Jon Husted in the Ohio Senate election against Democrat Sherrod Brown. The PAC criticized Brown, a prominent crypto skeptic and former Senate Banking Committee chairman, for obstructing "pro-innovation policies" related to digital assets. The Sentinel Action Fund's funding also includes contributions from prominent financial figures like Stephen Schwarzman and Ken Fisher, though its leading donor is an unidentified $8 million contribution to Townsend Six Corp. This spending by Sentinel adds to the efforts of other crypto industry PACs, such as Fairshake, which previously spent $40 million against Brown. The Solana Policy Institute itself donated $750,000 to the Sentinel Action Fund, despite the PAC having split party allegiances in its broader campaign spending. The outcome of this closely contested Ohio Senate race could influence the direction of crypto legislation, as the industry seeks to build bipartisan support in Congress.
(Source：CoinDesk)