With just five months to go until the 2024 U.S. elections, large crypto firms continue to bet big on crypto-friendly candidates who could help the $2 trillion digital asset industry achieve regulatory clarity. On Monday morning, the U.S.’s biggest crypto exchange, Coinbase, announced a $25 million donation to the pro-crypto super PAC Fairshake, matching recent contributions from crypto payments company Ripple and tech-focused venture capital firm Andreessen Horowitz.
Fairshake has already spent over $40 million supporting pro-crypto candidates running in key House and Senate races in the hopes that their victories will translate into more friendly policies for U.S. companies and individuals looking to do business in crypto.
BITCOIN SURPASSES $73,000, HITS NEW RECORD Stand with Crypto, the non-profit advocacy group started by Coinbase, which encourages crypto voters to get directly involved in the legislative process, has amassed nearly 950,000 supporters since it launched in August and raised over $87 million through its own political action committee.
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US SEC is ‘bent on choking’ the crypto industry — CoinbaseCryptocurrency exchange Coinbase believes that giving the SEC another opportunity to explain itself is “both pointless and exquisitely undeserved.”
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