Leading bitcoin wallet company Exodus has given the Stand With Crypto political action committee (PAC) a major $1.3 million donation. This gift is to help initiatives to educate and empower U.S. crypto voters as the nation gets ready for the 2024 elections.
Started in May, Stand With Crypto seeks to empower the estimated 52 million crypto owners in the United States by stressing the need of political involvement in determining the course of digital assets. By supporting politicians that support pro-crypto laws and rules, including the Financial Innovation and Technology for the 21st Century Act (FIT21), the company hopes to change the political scene.
We were built for the crypto community and we hear you.
— Stand With Crypto🛡️ (@standwithcrypto) September 25, 2024
SWC has updated our scorecard & now requires additional clarity from candidates up & down the ballot in order to qualify for a letter grade.
View all our scores at: https://t.co/s61lprzIT1
The PAC’s goal to organize crypto voters and inspire them to support politicians that give the expansion and protection of the cryptocurrency sector first priority will be funded in part by Exodus’ gift. Using a thorough database ranking over 1,000 candidates depending on their attitude toward digital assets, Stand With Crypto has been aggressively supporting politicians.
The activities of the company coincide with a pivotal moment as U.S. presidential elections in November are fast approaching. With political leaders from all sides seeing the need of interacting with this powerful demographic, the crypto community is developing as a possible swing vote bloc. Some analysts believe that the outcome of the election may be much changed by the participation of crypto voters.
Apart from Exodus’s endorsement, Stand With Crypto has revealed receiving over $180 million in contributions from crypto aficioners. Contributions like this highlight the growing influence of the crypto community in establishing policy and supporting more transparent rules as the political discussion on bitcoin control gets more heated.
The Stand With Crypto PAC is expected to be very important in the political campaigning of digital assets with the approaching elections as it gives pro-crypto voices a forum and representation.
