The Crypto Industry Raises $78 Million to Support Crypto-Friendly Politicians
Coinbase, the largest US-based crypto exchange, reveals that a Super PAC focused on cryptocurrency is raising millions of dollars to support politicians who are friendly towards crypto. In a recent blog post, Coinbase states that the crypto industry has raised over $78 million in the fourth quarter of this year to back “pro-innovation” candidates in the upcoming 2024 US election.
The blog post emphasizes that the current regulatory standards for crypto in the US are inadequate, causing innovation and financial freedom to move offshore. To address this, the Fairshake Super PAC and its affiliates have raised over $78 million from 20 companies and industry leaders to support bipartisan candidates who advocate for cryptocurrencies.
Active Participation Encouraged
Coinbase encourages its users to actively engage in the political process by voicing their opinions to their representatives and participating in next year’s election through voting. The goal is to ensure that responsible and fair rules are implemented, benefiting the 52 million Americans who own digital assets.
Hot Take: Cryptocurrency Industry Raises Massive Funds for Pro-Innovation Politicians
In a bid to shape favorable regulations and policies for cryptocurrencies in the US, the crypto industry has managed to raise a staggering $78 million through a Super PAC. This substantial amount will be used to support pro-innovation candidates who understand the potential of digital assets and their impact on updating the financial system. With dissatisfaction among Americans regarding the current financial system, this initiative aims to provide a fair chance at success for the millions of individuals invested in cryptocurrencies. By actively participating in politics and supporting crypto-friendly politicians, stakeholders are taking steps towards realizing their vision for a more inclusive and innovative financial landscape.
By
By
By
By