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US midterm election mirrors 2024 as crypto PACs move into Ohio races
TL;DR
The Sentinel Action Fund, a pro-crypto PAC, endorsed Jon Husted for Ohio's Senate race, reflecting trends for the 2024 elections. The PAC plans to spend over $8 million to support Husted against other Republican candidates.
Key points
- Sentinel Action Fund endorsed Jon Husted for Ohio Senate race
- PAC plans to spend over $8 million in Ohio
- Husted faces Republican challengers ahead of May 5 primary
- Former Senator Sherrod Brown competes in Democratic primary
- PAC raised about $9 million from January 2025 to March 2026
Mentioned in this story
Sentinel Action FundJon HustedSherrod BrownRon KincaidSolana Policy InstituteMulticoin Capital
Another political action committee (PAC) aligned with the cryptocurrency industry announced its endorsement for a candidate in Ohio’s Senate race, signaling a move that could mirror the 2024 US election.
In a Wednesday notice, Sentinel Action Fund, a group that claims to be the “only conservative Super PAC advancing pro-crypto candidates and supporting pro-crypto innovation,” said it would be supporting Republican Jon Husted in this year’s race to represent Ohio in the US Senate.
Husted was appointed by Ohio Governor Mike DeWine in January 2025 to replace JD Vance, who was elected vice president alongside US President Donald Trump in his 2024 election win. He still faces a field of Republican candidates ahead of a May 5 primary in Ohio, where former Senator Sherrod Brown will also face off in the Democratic primary against Ron Kincaid.
Sentinel Action Fund President Jessica Anderson specifically cited Brown as having “stood in the way of pro-innovation policies when it comes to digital assets” in the PAC’s endorsement of Husted.
Although filings with the Federal Election Commission (FEC) as of Tuesday showed no disbursements supporting Husted in 2026, the PAC and its sister organization, Right Vote, pledged to spend more than $8 million in the Buckeye state. The Sentinel Action Fund reported about $9 million raised from January 2025 through March 2026, including $750,000 in contributions from the digital asset advocacy organization Solana Policy Institute and $250,000 from crypto investment company Multicoin Capital.
Total raised by Sentinel Action Fund Super PAC as of March 31. Source: FEC
The PAC’s move into the Ohio race could serve as a bellwether for how money from crypto-aligned interest groups will respond to the upcoming US elections. In 2024, crypto-backed PACs spent more than $40 million in the US State to support Republican Bernie Moreno’s run to unseat Brown, who had made many public statements criticizing crypto.
Q&A
What is the Sentinel Action Fund and its role in Ohio's Senate race?
The Sentinel Action Fund is a pro-crypto political action committee that endorsed Jon Husted for Ohio's Senate race, aiming to promote pro-crypto candidates.
How much money is the Sentinel Action Fund planning to spend in Ohio?
The Sentinel Action Fund pledged to spend over $8 million in Ohio to support Jon Husted in the Senate race.
Who are the main candidates in Ohio's Senate race?
The main candidates include Republican Jon Husted and former Senator Sherrod Brown, who is facing Ron Kincaid in the Democratic primary.
What are the implications of crypto PACs in the 2024 US elections?
The involvement of crypto PACs like the Sentinel Action Fund in elections suggests a growing influence of the cryptocurrency industry on political candidates and policies.
