- Exodus donates $1.3 million to Stand With Crypto to help mobilise crypto holders to vote in November
- The Stand With Crypto advocacy group recently joined forces with a16z and OpenSea to launch a new creator legal fund
Crypto wallet provider Exodus has donated $1.3 million to Stand With Crypto, a bipartisan crypto advocacy group.
This brings the total donations to the advocacy group to over $2.79 million.
According to an announcement on September 24, Stand With Crypto will use these funds to promote community initiatives aimed at pushing more people to vote in the upcoming US election. The program targets more crypto holders, encouraging them to register and coming out to vote.
While voter mobilization is a major aspect, the broader goal is to push for clarity in crypto regulation in the country. The election of crypto-friendly legislators to Congress is one such step.
Stand With Crypto is also tracking crypto-related comments and plans by presidential nominees Donald Trump and – recently – Kamala Harris.
We've tracked 21 statements on crypto from @realDonaldTrump & he's rated Strongly Supportive.@VP Harris recently made a Somewhat Supportive statement & we've added it to our card.
Major candidates weighing in on crypto would've been unthinkable even recently. We're winning. pic.twitter.com/OQoqqylaia
— Stand With Crypto🛡️ (@standwithcrypto) September 23, 2024
Earlier this month, Stand With Crypto teamed up with a16z and NFT marketplace OpenSea to launch a creator defense fund.
The legal fund followed the SEC’s Wells Notice against OpenSea, a regulatory approach highly criticized for its overreach and for alleging that digital collectibles are securities.
Crypto donations to PACs
The cryptocurrency sector has also been massively active in the US election campaign donations. Coinbase, Ripple, and Gemini are some of the big donors, with funds going to political action committees.
One of the super political action committees (PACs) to receive a staggering amount of campaign donations is Fairshake.
Recent data shows the PAC has over $177 million in crypto donations – money that Fairshake is utilizing as it looks to help bring crypto-friendly lawmakers to Congress.