Coinbase-backed Stand With Crypto Advocacy Group Launches Political Action Committee to Influence US Elections

Friday, 10 May 2024, 11:49

The newly formed Stand With Crypto advocacy group, backed by Coinbase, has launched a Political Action Committee (PAC) aimed at supporting cryptocurrency-friendly candidates in the upcoming US elections. The PAC aims to raise funds to back bipartisan candidates running for the House of Representatives and the Senate who are supportive of the crypto industry. This initiative highlights the growing influence of the crypto sector in US politics and signals a strategic move by Coinbase to shape regulatory outcomes.
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Coinbase-backed Stand With Crypto Advocacy Group Launches Political Action Committee to Influence US Elections

Coinbase-backed Stand With Crypto Advocacy Group Launches Political Action Committee

The Stand With Crypto advocacy group, supported by Coinbase, has announced the launch of a Political Action Committee (PAC) to promote cryptocurrency-friendly candidates in the upcoming US elections.

The PAC will raise funds to back bipartisan candidates running for the House of Representatives and the Senate, emphasizing their support for the crypto industry.

This move underscores the increasing role of cryptocurrency in shaping US politics and demonstrates Coinbase's strategic involvement in influencing regulatory decisions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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