Funds raised will be used to support crypto-friendly bipartisan candidates running for the House of Representatives and the Senate.
Stand With Crypto — an advocacy group started by Coinbase last year — has formed a new political action committee to raise money from its 440,000 members in support of crypto-friendly politicians.
Stand With Crypto operates as a 501 nonprofit aimed at mobilizing U.S. cryptocurrency owners to push for clear, sensible regulations, leveraging educational initiatives and public engagement to influence legislation and support innovation within the crypto industry. "The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November," Stand With Crypto Chief Strategist Nick Carr told the outlet.Crypto has increasingly become a part of the campaign trail as current and previous presidential candidates have voiced their stances. More than 20% of swing state voters view cryptocurrency as a key issue in the upcoming U.S.
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