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Crypto-Backed PACs Pour $8 Million Into Ohio Senate Fight to Boost Husted

The cash signals a coordinated push by crypto-aligned donors to sway a toss-up race seen as pivotal for digital-asset policy.

Overview

  • Sentinel Action Fund, which announced its plans Wednesday, and its affiliate Right Vote committed about $8 million to help Republican Sen. Jon Husted in Ohio’s special race.
  • Federal filings list the Solana Policy Institute at $750,000 and Multicoin Capital at $250,000 toward Sentinel’s funding.
  • Records also show backing from financiers Stephen Schwarzman, Ken Fisher, Cliff Asness and Paul Singer, with an $8 million contribution routed through the nonprofit Townsend Six Corp.
  • The Husted–Brown contest is rated a toss-up and could shape which party controls the Senate next year as recent polls show a dead heat.
  • The spending is part of a broader industry campaign, with PACs such as Fairshake and the new Fellowship PAC investing to elect candidates open to digital-asset rules.