- Exodus donates $1.3 million to Stand With Crypto to assist mobilize cryptocurrency holders to vote in November.
- Advocacy group Stand With Crypto not too long ago joined forces with a16z and OpenSea to launch a brand new authorized fund for creators.
Crypto pockets supplier Exodus has introduced that it has donated $1.3 million to Stand With Crypto, a bipartisan cryptocurrency advocacy group.
That brings the full quantity donated to the advocacy group to greater than $2.79 million.
In response to a September 24 announcement, Stand With Crypto will use the funds to advertise group initiatives geared toward getting extra individuals to vote within the upcoming US election. This system targets extra cryptocurrency holders, encouraging them to register and are available out to vote.
Whereas voter mobilization is a serious side, the broader objective is to implement readability on cryptocurrency regulation within the nation. One such transfer is the election of crypto-friendly lawmakers to Congress.
Stand With Crypto additionally tracks the crypto feedback and plans of Donald Trump and – extra not too long ago – Kamala Harris.
We tracked 21 cryptocurrency listings from @realDonaldTrump & is rated Strongly Supportive.@VP Harris not too long ago made a considerably supportive assertion and we added it to our tab.
Main candidates contemplating cryptocurrencies would have been unthinkable not too way back. We’re profitable. pic.twitter.com/OQoqqylaia
— Stand With Crypto🛡️ (@standwithcrypto) September 23, 2024
Earlier this month, Stand With Crypto teamed up with a16z and NFT market OpenSea to launch a creator protection fund.
The authorized fund adopted the SEC's Wells Discover in opposition to OpenSea, a regulatory strategy extremely criticized for its overreach and for claiming that digital collectibles are securities.
Crypto Donations PAC
The cryptocurrency sector has additionally been massively energetic in US election marketing campaign donations. Coinbase, Ripple and Gemini are among the huge donors, with funds going to political motion committees.
One tremendous PAC that receives a staggering quantity of marketing campaign donations is Fairshake.
Latest knowledge exhibits the PAC has over $177 in crypto donations — cash Fairshake is tapping into because it appears to assist deliver crypto-friendly lawmakers to Congress.
