Stand With Crypto Launches PAC To Back Pro-Crypto Politicians Ahead of November Elections: Reuters
Digital asset advocacy group Stand With Crypto launched its own political action committee (PAC) on May 10, according to a Friday Reuters report. The committee will support pro-crypto politicians in the lead-up to the November 2024 elections.
“The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November,” the digital asset organization’s Chief Strategist Nick Carr told Reuters.
So far, the group is banking a swath of diverse political candidates, including 2024 Congressional hopefuls Eddy Morales (D-OR), Shomari Figures (D-AL), and Troy Downing (R-MT), as well as Senatorial candidates Jim Justice (R-WV) and Jim Banks (R-IN).
A cryptocurrency nonprofit has launched a new political action committee to raise money from its 440,000 members for crypto-friendly politicians. The PAC is endorsing a bipartisan slate of candidates running in the House of Representatives and the Senate https://t.co/E8GVc4boOA
— Reuters (@Reuters) May 10, 2024
The crypto advocacy group, launched by Coinbase just last year, has since reached nearly 450,000 members.
News of the launch of Stand With Crypto’s PAC comes amid recent data from the Digital Currency Group (DCG) showing one in five voters in swing states believe crypto is a key issue ahead of this year’s elections.
Currently, the PAC is backing both Donald Trump and Robert Kennedy in the 2024 U.S. presidential election.
Both candidates have taken pro-crypto stances in the past, with Trump recently announcing he will begin to accept digital asset donations for his campaign.
‼️NEW DCG POLL‼️ released today reveals 1 in 5 battleground state voters consider crypto a key issue in 2024 U.S. elections. In a
Read more on cryptonews.com
