Exodus donates $1.3 million to Stand With Crypto

• Exodus donates $1.3 million to Stand With Crypto to assist mobilise crypto holders to vote in November.
• The Stand With Crypto advocacy group just lately joined forces with a16z and OpenSea to launch a brand new creator authorized fund.

Crypto pockets supplier Exodus has introduced it donated $1.3 million to Stand With Crypto, a bipartisan crypto advocacy group.

This brings the full quantity in donations to the advocacy group to over $2.79 million.

In line with an announcement on Sept. 24, Stand With Crypto will use these funds to advertise neighborhood initiatives geared toward pushing extra individuals to vote within the upcoming US election. This system targets extra crypto holders, encouraging them to register and popping out to vote.

Whereas voter mobilization is a serious side, the broader purpose is to push for readability in crypto regulation within the nation.The election of crypto-friendly legislators to Congress is one such step.

Stand With Crypto can also be monitoring crypto-related feedback and plans by Donald Trump and – just lately – Kamala Harris.

We have tracked 21 statements on crypto from @realDonaldTrump & he is rated Strongly Supportive.@VP Harris just lately made a Considerably Supportive assertion & we have added it to our card.

Main candidates weighing in on crypto would’ve been unthinkable even just lately. We’re successful. pic.twitter.com/OQoqqylaia

— Stand With Crypto🛡️ (@standwithcrypto) September 23, 2024

Earlier this month, Stand With Crypto teamed up with a16z and NFT market OpenSea to launch a creator protection fund.

The authorized fund adopted the SEC’s Wells Discover in opposition to OpenSea, a regulatory strategy extremely criticized for its overreach and for alleging that digital collectibles are securities.

Crypto donations to PACs

The cryptocurrency sector has additionally been massively lively within the US election marketing campaign donations. Coinbase, Ripple and Gemini are a number of the large donors, with funds going to political motion committees.

One of many tremendous PACs to obtain a staggering quantity of marketing campaign donations is Fairshake.

Latest knowledge exhibits the PAC has over $177 in crypto donations- cash that Fairshake is using because it seems to be to assist deliver crypto-friendly lawmakers to Congress.