Bitcoin

Exodus, a crypto wallet provider, has donated $1.3 million to Stand With Crypto, a bipartisan advocacy group focused on supporting pro-crypto candidates in the upcoming U.S. elections.&nbsp;
The donation, first <a href="https://www.foxbusiness.com/politics/exodus-donates-1-3m-crypto-advocacy-group-aid-election-day-vote-efforts" target="_blank" rel="noopener noreferrer nofollow">reported</a> by Fox Business, comes at a crucial time, with just six weeks until <a href="https://crypto.news/tag/us-elections/" target="_blank" rel="noopener noreferrer nofollow">Election Day</a>. Stand With Crypto <a href="https://crypto.news/stand-with-crypto-pac-launches-to-back-pro-crypto-politicians/" target="_blank" rel="noopener noreferrer nofollow">aims to educate</a> and mobilize crypto voters nationwide, and Exodus’ contribution will help expand these efforts.
Exodus’s website also <a href="https://www.exodus.com/" target="_blank" rel="noopener noreferrer nofollow">showcases a banner</a> in support of Stand With Crypto and its initiatives.
Stand With Crypto, <a href="https://crypto.news/pushing-for-clarity-can-stand-with-crypto-sway-us-lawmakers/" target="_blank" rel="noopener noreferrer nofollow">which has partnered</a> with industry giants like <a href="https://crypto.news/tag/Coinbase/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a>, is pushing to influence the political landscape in favor of the crypto industry.&nbsp;
Stand With Crypto’s website shows that crypto-related donations have surpassed $180 million this election cycle. These efforts signal the sector’s increasing influence and its aim to shape a regulatory environment more favorable to digital assets.
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<h2 class="wp-block-heading" id="crypto-and-u-s-politics">Crypto and U.S. politics&nbsp;</h2>
Other major crypto and political actors, such as the Fairshake Super PAC, a pro-crypto political action committee, <a href="https://crypto.news/fairshake-to-spend-25m-on-ads-for-18-us-house-candidates/" target="_blank" rel="noopener noreferrer nofollow">plan to spend $25 million</a> this election season to support 18 congressional candidates, evenly split between Republicans and Democrats.
The targeted campaigns span around a dozen states, including Alaska, California, and New York, with Fairshake intending to spend approximately $1 million per district.&nbsp;
With this influx of financial backing, pro-crypto lawmakers are better positioned to push for legislation, regulations, and policies. This was seen earlier this year with the <a href="https://crypto.news/fit21-bill-passed-by-us-house-of-representatives/" target="_blank" rel="noopener noreferrer nofollow">passing of the FIT21 bill</a>.&nbsp;
This influx of crypto money into the government shifts political power dynamics, giving candidates and lawmakers supporting crypto more influence.&nbsp;
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Exodus donates $1.3m to Stand With Crypto ahead of US election

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