Crypto PACs Make Major Play in US Midterm Election

The US midterm election is mirroring the 2024 presidential election in terms of cryptocurrency industry influence, with crypto PACs increasing their presence in key races.

The Sentinel Action Fund, a conservative super PAC that supports pro-crypto candidates and innovation, has endorsed Republican Jon Husted in Ohio's Senate race. Husted is competing against several other Republicans, including Sherrod Brown, who has been criticized by the PAC for opposing pro-innovation policies related to digital assets.

The Sentinel Action Fund has pledged to spend over $8 million in Ohio, with some of its funds coming from notable crypto companies like Solana Policy Institute and Multicoin Capital. This move is seen as a sign that crypto-aligned interest groups are preparing to make their presence felt in the upcoming elections.