Exodus donates $1.3M to Stand With Crypto Alliance PAC, aiming to mobilize 52M American crypto voters and raise awareness ahead of the 2024 elections.
Exodus, the popular crypto wallet provider, has made a significant contribution to the Stand With Crypto Alliance, donating $1.3 million to help mobilize crypto voters across the United States. With the presidential election just weeks away, the Alliance aims to educate the 52 million American crypto owners and advocate for favorable crypto regulations. Exodus’ donation is expected to strengthen political support for the rapidly growing crypto industry.
Key Points:
Exodus’ $1.3M Donation: Exodus has contributed $1.3 million to the Stand With Crypto political action committee (PAC), which focuses on educating and mobilizing crypto voters nationwide ahead of the 2024 US election.
Mobilizing Crypto Voters: The Stand With Crypto Alliance, founded by Coinbase in May 2023, claims there are 52 million crypto owners in the US. The PAC's mission is to engage these voters and advocate for crypto-friendly policies.
Political Impact: The Alliance, with a grading system for over 1,000 US politicians, is influencing the regulatory conversation around crypto. The PAC’s scorecard helps crypto advocates identify which candidates support the industry.
Focus on Crypto Regulations: A key legislative focus for the PAC is promoting the “Financial Innovation and Technology for the 21st Century Act” (FIT21), a pro-crypto regulation bill heavily backed by Republicans.
Crypto as a Political Force: As the November election nears, crypto voters are becoming an increasingly influential demographic. Experts suggest that crypto could be a key issue that impacts the outcome of the election.
Exodus' donation to the Stand With Crypto Alliance underscores the increasing political influence of the crypto community. As the 2024 US presidential election approaches, the PAC is poised to amplify the voice of millions of crypto owners, making regulatory clarity and industry support top priorities for candidates.
Source: Coinmarketcap
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