Cointime

Cointime

Download App
iOS & Android

Solana Institute-backed super PAC pours $8 million against Sherrod Brown in Ohio race

Quick Take

  • Sentinel Action Fund said it will spend $8 million with its sister advocacy group to back Republican Senator Jon Husted against Sherrod Brown in the upcoming race.
  • Sentinel Action Fund has received backing from the Solana Institute and Multicoin Capital, a crypto-focused venture capital firm.

Sentinel Action Fund, a U.S. super PAC (political action committee) backed by the Solana Institute, has pledged $8 million to support Republican Senator Jon Husted in Ohio for the upcoming November midterms.

The super PAC said Wednesday that it plans to pour $8 million alongside its sister advocacy organization Right Vote to back Husted's campaign.

Jon Husted has been a vocal supporter of crypto innovation. Advocacy group  rates him as "strongly supports crypto" based on his past statements, and he has backed key pro-crypto legislation, including the GENIUS Act.

In a , Husted called for a "pro-innovation framework for digital assets," suggesting that digital asset technology represents the "next wave of economic opportunity for working families."

Husted is running against Sherrod Brown, a Democratic Senator who has been a vocal critic of the crypto industry. Notably, Brown has advocated for a crackdown on the use of cryptocurrency to fund terrorism and evade sanctions. Brown lost his Senate seat in the 2024 election.

"[Brown] has stood in the way of pro-innovation policies when it comes to digital assets," Sentinel Action Fund President Jessica Anderson said in the Wednesday statement.

Sentinel has received backing from the Solana Institute and Multicoin Capital, a crypto-focused venture capital firm. The Solana Institute has donated $750,000 to the super PAC so far, while Multicoin has contributed $250,000, according to Federal Election Commission records.

The super PAC has also attracted funding from prominent financial figures, including Blackstone CEO Stephen Schwarzman and Fisher Investments Chairman Kenneth Fisher, per the FEC filings.

Crypto PACs

Husted is the third candidate to receive Sentinel's backing in the 2026 cycle. It has previously announced support for Maine Senator Susan Collins' reelection campaign and Michigan Republican Mike Rogers for U.S. Senate — both are considered pro-crypto.

Crypto super PACs played a critical role in previous elections. Super PAC Fairshake donated $12 million to crypto-friendly Republican Bernie Moreno in 2024, who ultimately defeated Brown in that year's election.

Fairshake, backed by crypto heavyweights like Coinbase and a16z, said in January that it has amassed $193 million to support pro-crypto candidates as it heads into the 2026 midterms.

Meanwhile, Cantor Fitzgerald, the Wall Street firm formerly owned by current U.S. Commerce Secretary Howard Lutnick, donated $10 million to the Fellowship PAC to back crypto-friendly candidates, according to a FEC filing. Earlier this month, the Fellowship PAC named Tether U.S. executive Jesse Spiro as chairman.

Comments

All Comments

Recommended for you

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,996.84, with a 24-hour decline of 0.28%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,996.84, with a 24-hour decline of 0.28%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ITI Opposes FCC's Inclusion of Optical Modules in Covered List

    According to the authoritative U.S. communications media Communications Daily, the Information Technology Industry Council (ITI) formally expressed its opposition to the Federal Communications Commission (FCC) last week, urging the FCC not to include foreign-manufactured optical modules in the restricted list. This represents the latest stance of the U.S. technology industry organization on this issue, further reducing the likelihood of a blanket inclusion of optical modules in the Covered List. In its latest submission to the FCC, ITI explicitly recommended that the Covered List should continue to adopt a 'precise, risk-based' approach, focusing on entities or products with clear ties to foreign adversaries, rather than broadly covering entire categories of technology from trusted companies. More importantly, ITI specifically stated that optical transceivers should not be included in the Covered List, particularly opposing the inclusion of all foreign-produced optical modules in the restrictions.

  • ITI Opposes FCC's Inclusion of Optical Modules in Covered List

    According to the authoritative U.S. communications media Communications Daily, the Information Technology Industry Council (ITI) formally expressed its opposition to the Federal Communications Commission (FCC) last week, urging the FCC not to include foreign-manufactured optical modules in the restricted list. This represents the latest statement from the U.S. technology industry organization on the matter, further reducing the likelihood of a blanket inclusion of optical modules in the Covered List. In its latest submission to the FCC, ITI explicitly recommended that the Covered List should continue to adopt a 'targeted, risk-based' approach, focusing on entities or products with clear ties to foreign adversaries, rather than broadly covering entire categories of technology from trusted companies. More importantly, ITI specifically stated that optical transceivers should not be included in the Covered List, particularly opposing the inclusion of all foreign-produced optical modules in the restrictions.

  • Ulanqab Plans 12.5GW, Surpassing OpenAI's Stargate Target

    According to Goldman Sachs, Ulanqab, a prefecture-level city in Inner Mongolia, has committed to a total data center capacity of approximately 12.5GW, which exceeds OpenAI's initial target of 10GW for Stargate. However, only about 1.2GW is currently operational. This expansion has primarily occurred in the past year, with over 70% of the capacity commitments made in this timeframe. DeepSeek plans to build approximately 1GW of data centers, while Xiaohongshu is reportedly considering a project of around 600MW. Companies like ByteDance and Alibaba have also entered the market. The area benefits from low land and electricity costs, cold weather, and proximity to Beijing. Dedicated fiber optics have reduced the average latency from Ulanqab to Beijing to under 5 milliseconds.

  • Ulanqab Plans 12.5GW, Exceeding OpenAI's Stargate Target

    According to Goldman Sachs, the city of Ulanqab in Inner Mongolia has a total committed data center capacity of approximately 12.5GW, which surpasses the initial 10GW target set by OpenAI for Stargate. However, only about 1.2GW is currently operational. This expansion has primarily occurred in the past year, with over 70% of the capacity commitments made in that timeframe. DeepSeek plans to build approximately 1GW of data center capacity, while Xiaohongshu is reportedly considering a project of around 600MW. Companies such as ByteDance and Alibaba have also entered the market. The area benefits from low land and electricity costs, cold weather, and proximity to Beijing. Dedicated fiber optics have reduced the average latency from Ulanqab to Beijing to under 5 milliseconds.

  • Saudi Reconnaissance Drone Shot Down in Yemen's Hajjah Province

    According to the Iranian Tasnim News Agency, a Yemeni military source stated that the Yemeni armed forces shot down a Saudi 'ScanEagle' reconnaissance drone over Hajjah Province while it was attempting to enter Yemeni airspace. The source informed the Yemeni official news agency that the drone was hit and downed using 'appropriate weapons'.

  • Iranian Parliament Speaker Mocks: U.S. Economic Pressure on Iran Will Backfire

    Iranian Parliament Speaker Mohammad Baqer Qalibaf shared an image on social media platform X, outlining the economic pressures against Iran and the impact of changes in the energy market on the U.S. economy. Referring to recent measures taken by Trump to control U.S. commodity prices, he wrote: 'Importing frozen meat to control meat prices? Well, maybe effective. But what is the U.S. plan for national debt? Want to import “frozen yields”? For the housing market, are you going to introduce “frozen buyers”? To address wage issues, are you going to issue “frozen payrolls”? A rigid and uninnovative foreign policy will lead to a frozen and stagnant economy. What is the only thing still functioning? It is the boomerang of imposing “devastating economic pressure” on Iran, which will ultimately come back to the U.S. itself.' (Jinshi)

  • US Military Casualties in Iran War Rise to 774

    According to the Washington Post, the casualty statistics system of the U.S. Department of Defense shows that the number of U.S. military casualties in the Iran war has risen to 774, including 18 deaths and 756 injuries. Even during periods without large-scale combat, the Department of Defense has quietly added about 60 new injury records recently. A significant number of the injured were affected by traumatic brain injuries caused by explosions when U.S. bases in Jordan, Kuwait, Iraq, and Saudi Arabia were attacked.

  • US Military Casualties in Iran War Rise to 774

    According to the Washington Post, the casualty statistics system of the U.S. Department of Defense shows that U.S. military casualties in the Iran war have risen to 774, including 18 deaths and 756 injuries. Even during periods without large-scale combat, the Department of Defense has quietly added about 60 new injury records recently. A significant number of the injured were affected by traumatic brain injuries caused by explosions during attacks on U.S. bases located in Jordan, Kuwait, Iraq, and Saudi Arabia.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company