Solana-backed PAC to spend $8M to unseat anti-crypto senator

The Sentinel Action Fund, a conservative political action committee (PAC) supported by the Solana Policy Institute, has announced it will spend $8 million to help unseat a senator who opposes cryptocurrency. The funds will be directed toward this year's Ohio Senate election to oppose prominent crypto skeptic Sherrod Brown, with the money supporting promotions and advertising for his Republican opponent, John Husted. The group accused Brown of obstructing innovation-friendly policies on digital assets. The PAC is also backed by crypto venture capital firm Multicoin Capital, as well as financial industry leaders including Stephen Schwarzman (CEO of Blackstone), Ken Fisher (Fisher Investments), Cliff Asness (AQR Capital), and Paul Singer (Elliott Management).