Exodus Set To Donate $1.3M to ‘Mobilize Crypto Voters’ in US

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. 

About the Author

Kurt Robson

Kurt Robson is a London-based reporter at CCN with a diverse background across several prominent news outlets. Having transitioned into the world of technology journalism several years ago, Kurt has developed a keen fascination with all things AI. Kurt’s reporting blends a passion for innovation with a commitment to delivering insightful, accurate and engaging stories on the cutting edge of technology.

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