Sentinel Action Fund issued a statement on Wednesday announcing that it would invest a total of $8 million together with its sister advocacy organization, Right Vote, to support Ohio Republican Jon Husted’s campaign for the U.S. Senate. According to filings with the Federal Election Commission (FEC), the major donors include Solana Institute and Multicoin Capital.
Jon Husted’s Policy Positions and Campaign Background
According to a report from The Block, in February 2026 Jon Husted published an op-ed calling for “a framework that is conducive to digital asset innovation,” and said that digital asset technology represents “the next wave of economic opportunity for working families.” Husted has also publicly stated his support for cryptocurrency legislation such as the GENIUS Act.
In a statement on Wednesday, Jessica Anderson, president of Sentinel Action Fund, said: “When it comes to digital assets, Brown has been blocking policies that are conducive to innovation.” Sherrod Brown has repeatedly publicly argued for a tough crackdown on the use of cryptocurrencies to finance terrorism and evade sanctions, and lost his Senate seat in the 2024 election.
FEC Filing: Breakdown of Sentinel Action Fund Donation Sources
According to FEC filings, the Sentinel Action Fund has confirmed donors including:
Solana Institute: $750,000
Multicoin Capital: $250,000
Blackstone Group CEO Stephen Schwarzman: specific amount listed in the FEC filing
Fisher Investments Chairman Kenneth Fisher: specific amount listed in the FEC filing
Status of Crypto PAC Campaigning in the 2026 Cycle
According to The Block, Jon Husted is the third candidate supported by Sentinel Action Fund during the 2026 election cycle; the first two were Maine Senator Susan Collins and Michigan Republican candidate Mike Rogers.
The crypto super PAC Fairshake (supported by organizations such as Coinbase and a16z) said in January 2026 that it had raised $193,000,000 to support the 2026 midterm elections. According to FEC filings, Cantor Fitzgerald (which Howard Lutnick, the current U.S. Secretary of Commerce, previously held) donated $10,000,000 to Fellowship PAC; earlier this month, Fellowship PAC appointed Jesse Spiro, a Tether US executive, as chair.
Frequently Asked Questions
Which organizations provided the $8 million that Sentinel Action Fund promised to Jon Husted?
According to FEC filings, Sentinel Action Fund’s primary donors are Solana Institute ($750,000) and Multicoin Capital ($250,000); Blackstone Group CEO Stephen Schwarzman and Fisher Investments chairman Kenneth Fisher are also listed as donors, with the specific amounts set out in the FEC filings.
Which candidates did Sentinel Action Fund support during the 2026 election cycle?
According to The Block, the endorsed candidates for the 2026 cycle included Maine Senator Susan Collins, Michigan Republican candidate Mike Rogers, and Ohio’s Jon Husted—each of the three has publicly backed cryptocurrency-related legislation.
Which organizations are involved in Sentinel Action Fund’s Wednesday statement?
According to Sentinel Action Fund’s Wednesday statement, the planned $8 million support would be jointly provided by Sentinel Action Fund and its sister advocacy organization Right Vote, and the funds would be used to support Jon Husted’s Senate campaign in Ohio.
