With just six weeks left until Election Day, Exodus, a popular crypto wallet provider, has donated $1.3 million to Stand With Crypto.
Author: Sahil Thakur
Written On: Wed, 25 Sep 2024 09:36:30 GMT
With just six weeks left until Election Day, Exodus, a popular crypto wallet provider, has donated $1.3 million to Stand With Crypto, a bipartisan advocacy group supporting pro-crypto candidates in the U.S. elections. The contribution was first reported by Fox Business and is aimed at scaling efforts to educate and mobilize crypto voters nationwide, highlighting the growing influence of the cryptocurrency sector in politics.
The crypto industry has intensified its political push this election cycle, with crypto-related donations surpassing $180 million. Stand With Crypto aims to influence key congressional races and, possibly, the presidential election. The pro-crypto lobbyâs involvement signals an attempt to reshape the regulatory environment in favor of digital assets.
Fairshake PAC has also pledged to spend $25 million in support of 18 congressional candidates, aiming to influence campaigns across several states, including Alaska, California, and New York. This influx of crypto money is reshaping political power, boosting the influence of pro-crypto lawmakers and bolstering the push for favorable crypto regulations, as seen earlier with the passage of the FIT21 bill.
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