Seamless

2024

April

Partner

MoonPay, a crypto payment company, has shown its support of Coinbase’s charity crypto project, Stand With Crypto. On May 13, MoonPay CEO Ivan Soto-Wright said that the U. S. election would be a landmark in the cryptocurrency industry and announced a significant donation. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 As a crypto company founded in America, we’re proud to <a href="https://twitter.com/hashtag/StandWithCrypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#StandWithCrypto</a> and have made a donation to support their efforts in this pivotal year for our industry. Here’s the note our CEO shared with everyone at MoonPay this morning: <a href="https://t.co/PzXxjF3FaZ" target="_blank">pic.twitter.com/PzXxjF3FaZ</a>— MoonPay 🟣 (@moonpay) <a href="https://twitter.com/moonpay/status/1790004088228196826?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 13, 2024</a>
 </blockquote> 
 </div>
</figure> 
The MoonPay’s donation is to supply the formation of a regulatory framework that supports creativity and, at the same time, protects the consumer. Soto-Wright pointed out that the crypto community should be the one to lead the industry to the next level. 
Crypto’s Political Action Committee 
Coinbase’s project “Stand with Crypto”&nbsp; just launched a political action committee (PAC) to gather support for the pro-crypto candidates in the 2024 U.S. elections. In the view of Stand With Crypto chief strategist Nick Carr, the PAC aims to back and endorse those candidates who are for the rights of the crypto supporters. 
The PAC has been able to get a lot of people who are in favor of its ideas to donate, and at the time of writing, it has already collected over $86 million. This move is a part of Coinbase’s strategy to shape the political field in the cryptocurrency industry’s direction. 
Coinbase’s Regulatory Challenges 
Previously, Coinbase was taken to court by the U. S. Securities and Exchange Commission (SEC) in June 2023 for the violation of federal securities laws by the fact that it listed the tokens that were considered as securities.&nbsp; 
Even though it had some victories in its legal action in April 2024, Coinbase received another lawsuit on the basis of investor deception in May.&nbsp; 
Coinbase’s projects that aim to back the politicians who are crypto-friendly are a great move in their continuous struggle to cope with the regulatory environment and protect the interests of the crypto industry. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read:<a href="https://www.cryptotimes.io/2024/05/08/moonpay-and-bitpay-partner-for-seamless-crypto-transactions/" target="_blank" rel="noreferrer noopener"> MoonPay and BitPay Partner for Seamless Crypto Transactions</a>&nbsp; 
</blockquote>

MoonPay Supports Stand With Crypto Campaign

The Crypto Times

Other articles published on May 13, 2024

FTX’s Stunning Recovery: Almost All Customers to Receive Full Refunds

Catwifhat Price Drops After a Week Rally: Sell or HODL

Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K

Polkadot: THIS signals worrying signs for DOT – What should you do?

Contextualizing Crypto Volatility: History of Bitcoin Crashes

XRP Healthcare’s Bold Move: Revolutionizing Uganda’s Medical Scene with New Trademark and Expansi...

Join our free newsletter for daily crypto updates!