- Exodus has donated $1.3 million to Stand With Crypto to assist mobilize cryptocurrency holders to vote in November.
- The Stand With Crypto advocacy group not too long ago teamed up with a16z and OpenSea to launch the brand new Creators Authorized Fund.
Cryptocurrency pockets supplier Exodus introduced that it has donated $1.3 million to nonpartisan cryptocurrency advocacy group Stand With Crypto.
This brings the entire quantity donated to advocacy teams to greater than $2.79 million.
In keeping with a Sept. 24 announcement, Stand With Crypto will use these funds to additional its group efforts aimed toward encouraging extra folks to vote within the upcoming U.S. elections. This system targets extra cryptocurrency holders and encourages them to register and take part in voting.
Whereas voter mobilization is a crucial facet, a broader objective is to push for readability on crypto laws within the nation, and electing crypto-friendly lawmakers to Congress is one such step.
Stand With Crypto additionally tracks cryptocurrency-related feedback and plans made by Donald Trump and extra not too long ago Kamala Harris.
We tracked 21 statements about cryptocurrencies Donald Trump And he’s rated “Strongly Supported.”@VP Harris has made some considerably supportive statements not too long ago, which we've added to the cardboard.
It could have been unthinkable even not too long ago for a significant candidate to weigh in on cryptocurrency. We’re successful. pic.twitter.com/OQoqqylaia
— Stand with Crypto🛡️ (@standwithcrypto) September 23, 2024
Earlier this month, Stand With Crypto partnered with a16z and NFT market OpenSea to launch the Creator Protection Fund.
The litigation fund follows the SEC's Wells Discover in opposition to OpenSea, which has been closely criticized for its regulatory overreach and for asserting that digital collectibles are securities.
Cryptocurrency donations to PAC
The cryptocurrency trade has additionally been very energetic in donating to U.S. election campaigns, with Coinbase, Ripple, and Gemini among the many huge donors, with funds going to political motion committees.
One tremendous PAC that obtained a staggering quantity of marketing campaign funding was Honest Shake.
Current knowledge exhibits the PAC has obtained over $177 million in crypto donations, and FairShake is utilizing the cash to carry crypto-friendly lawmakers to Congress.
