The popular crypto wallet provider Exodus just announced a big donation for the increasing political support for the cryptocurrency industry among American voters.
The company shared that it is donating $1.3 million to the Stand With Crypto Alliance, a political action committee dedicated to educating and mobilizing crypto voters across the nation.
The future of crypto depends on the activity
The Stand With Crypto Alliance, which launched the organization in May, claims there are about 52 million Americans who own cryptocurrencies, and their goal is to empower these individuals through education as the presidential election approaches on November 5.
The nonprofit states on its website that it already raised $180 million from 1.49 million crypto supporters.
Based on the official data from the Federal Election Commission, only $13,690 had been contributed directly to the SWCA as of June 30.
The organization also advocates for favorable crypto regulations, including support for the Financial Innovation and Technology for the 21st Century Act, which received bipartisan backing in Congress.
The alliance maintains a database of over 1,000 politicians and grades them based on their support for the cryptocurrency sector.
Vote harder
Crypto voters are many, and they could play a huge role now in shaping the outcome of the election.
Last month the former campaign strategist for Joe Biden mentioned that the crypto community could be a really important swing universe.
The advisord shared that candidates should engage with this group regardless of their political affiliation, noting that they are gaining more and more strength and influence.
Can we choose a sly, roundabout way?
The race between Democratic candidate Vice President Kamala Harris and Republican candidate former President Donald Trump is extremely close.
Polymarket data shows that Harris currently holds a slight lead with 50%, while Trump follows pretty closely at 48%.
Trump has shown his support for cryptocurrencies by even purchasing burgers with Bitcoin at a New York bar on September 18.
In contrast, Harris has recently indicated her willingness to support innovation and establish clear regulations for digital assets.
As more organizations like Exodus work to mobilize crypto voters, their influence could impact political campaigns and outcomes big time.
We are many. If candidates recognize this growing demographic’s importance and tailor their messages accordingly, maybe it might lead to more favorable policies for the crypto industry in the future.
Have you read it yet? Which memecoin will reach the $1 billion level next?
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