Stand With Crypto PAC Launches to Support Crypto-Friendly Candidates in US Elections

May 10, 2024, 04:19 PM

A new political action committee (PAC) named Stand With Crypto, supported by Coinbase and initiated by a cryptocurrency nonprofit, has been launched to influence U.S. congressional elections. The PAC aims to raise funds from its substantial membership base of 440,000 to support crypto-friendly politicians. It is actively endorsing a bipartisan group of candidates for both the House of Representatives and the Senate. This strategic move underscores the growing intersection of cryptocurrency interests and political advocacy.