2024

April

Read

A new political action committee named Stand With Crypto has been launched to rally financial support for crypto-friendly politicians. 
With a membership base of over 440,000, the organization <a href="https://www.reuters.com/world/us/crypto-group-with-440000-members-launches-pac-target-house-senate-elections-2024-05-10/" data-type="link" data-id="https://www.reuters.com/world/us/crypto-group-with-440000-members-launches-pac-target-house-senate-elections-2024-05-10/" target="_blank" rel="">unveiled</a> its bipartisan endorsements for candidates running in the House of Representatives and Senate, signifying a united effort to advocate for the <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="">cryptocurrency</a> and blockchain industry. 
According to Federal Election Commission data, the political action committee (PAC) joins the broader effort of crypto super PACs such as Fairshake, Defend American Jobs, and Protect Progress, collectively raising over $110 million in this election cycle. 
The PACs aim to bolster candidates who support crypto amid heightened scrutiny after <a href="https://crypto.news/tag/ftx/" data-type="link" data-id="https://crypto.news/tag/ftx/" rel="">FTX</a> founder <a href="https://crypto.news/tag/sam-bankman-fried/" data-type="link" data-id="https://crypto.news/tag/sam-bankman-fried/" rel="">Sam Bankman-Fried</a> was found <a href="https://crypto.news/sam-bankman-fried-sentenced-25-years-ftx/" data-type="link" data-id="https://crypto.news/sam-bankman-fried-sentenced-25-years-ftx/" rel="">guilty</a> of defrauding customers and channeling over $100 million to U.S. political campaigns. 
<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">
 🛡️ 400K ADVOCATES STRONG 🛡️ Today, Stand With Crypto passed 400K sign ups. In 2024, the crypto constituency has swung elections, made history, and we are still early. This movement is for all of us and you can get involved today. Become an advocate, contact your… <a href="https://t.co/kbj9UCd0qt" target="_blank" rel="">pic.twitter.com/kbj9UCd0qt</a>— Stand With Crypto🛡️ (@standwithcrypto) <a href="https://twitter.com/standwithcrypto/status/1781353198621437954?ref_src=twsrc%5Etfw" target="_blank" rel="">April 19, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
 You might also like: <a href="https://crypto.news/kraken-again-asks-to-dismiss-sec-lawsuit-citing-incorrect-wording/" rel=""> Kraken again asks to dismiss SEC lawsuit, citing incorrect wording </a> 
Nick Carr, chief strategist at <a href="https://www.standwithcrypto.org/" data-type="link" data-id="https://www.standwithcrypto.org/" target="_blank" rel="">Stand With Crypto</a>, emphasized that the goal is to “endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November.” 
Endorsements include Jim Banks, a Republican seeking a Senate seat in Indiana; Jim Justice, a Republican aiming for Senate in West Virginia; Shomari Figures, a Democrat vying for Alabama’s Second District; Eddy Morales, a Democrat contending for Oregon’s Third District; and Troy Downing, a Republican seeking to represent Montana’s Second District. 
With increasing political involvement, the crypto industry seeks to shape its regulatory environment by ensuring supportive candidates gain political traction. 
 Read more: <a href="https://crypto.news/ton-gains-14-amid-pantera-capitals-largest-investment-ever-claim/" rel=""> TON gains 14% amid Pantera Capital’s ‘largest investment ever’ claim </a>

Stand With Crypto PAC launches to back pro-crypto politicians

crypto.news

Další články publikované 10. 5. 2024

Bitcoin Trades Above $63k, As BTC ETFs Record $11M Outflows

Analyst Predicts Major Rallies for Bitcoin and Leading Altcoins

BlockFi partners with Coinbase to distribute assets recovered from FTX

Bitfinex Whales Ramp Up Long Positions, Adding 6,165 BTC in a Month!

Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone

The Rise in Artificial Intelligence Projects Continues! Which Coins Have Positively Diverged from...

Join our free newsletter for daily crypto updates!