Key Takeaways
- Exodus is donating $1.3 million to the Stand With Crypto organization.
- The popular crypto wallet said it will help “mobilize crypto voters” in the U.S.
- Stand With Crypto rates politicians by how crypto-friendly they are.
Crypto wallet Exodus will donate $1.3 million to Coinbase’s Stand With Crypto organization, which it hopes will help empower American voters with the knowledge needed to support the crypto industry.
In May 2024, Stand With Crypto launched its political action committee (PAC), aimed at backing U.S. political candidates and protecting the rights of the crypto industry.
Exodus Donates
The popular U.S.-based crypto wallet announced that it was donating $1.3 million to Coinbase’s PAC. Exodus said the monetary commitment “ will help support their mission of educating and mobilizing crypto voters around the country.”
The Stand With Crypto organization claims that the future of crypto “remains uncertain” in the U.S. despite fifty-two million citizens owning it.
Coinbase’s PAC said it has received over $180 million in donations from crypto advocates.
Stand With Crypto PAC
Stand With Crypto PAC was launched with 440,000 members and is currently endorsing politicians across the U.S. government spectrum.
“The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November,” Nick Carr, chief strategist at Stand With Crypto, told Reuters in May.
Super PACS like FairShake and Defend American Jobs have also been pouring millions into the election in an attempt to turbocharge crypto.
PACs such as Stand With Crypto are similar to Super PACs, as they both raise and spend money to influence elections. However, they have key differences in how they operate.
PACs have strict limits on the amount of money they can receive from individuals and are able to donate directly to candidates, however Super PACs can receive unlimited contributions from individuals, corporations, unions, and other organizations – but are unable to donate directly to individuals or coordinate with campaigns.
A Crypto Politician Database
Stand With Crypto has created a database that includes over 1,000 politicians, grading them on their support or opposition to the crypto industry.
The grading system is designed to help voters identify which candidates are pro or anti-crypto, making it easier to align their votes with their stance on digital assets.
The database also features key races and endorsed candidates for the upcoming elections, highlighting politicians like Cynthia Lummis and Tom Emmer, who strongly support crypto, and others like Elizabeth Warren and Brad Sherman, who have historically demonstrated their concerns about the industry.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
