Investment firm Multicoin Capital promises to match SOL up to $1 million to back crypto friendly candidates

📆 05/07/2024 19:15:00
📰 TheBlock__

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Political Action Committee

Crypto investment firm Multicoin Capital is pledging up to $1 million as part of an effort to back pro-crypto Republican lawmakers.

Crypto and blockchain investment firm Multicoin Capital is donating up to $1 million to support pro-crypto Republican lawmakers.

"We’re doing this because we realize that political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation," said Kyle Samani, managing partner at MultiCoin Capital, in a post on X on Friday. "By making contributions, we’re giving @sentinelaction the tools to increase the number of pro-crypto senators like @BillHagertyTN — an innovator who understands and speaks our language.

Other crypto industry folks have donated to candidates over the past few months. Cameron and Tyler Winklevoss donated $2 million worth of bitcoin to former President Donald Trump last month, while Kraken founder Jesse Powell donated $1 million to Trump. Millions have also flooded to other PACs, including super PAC Fairshake.

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