Crypto PAC Endorses 18 More Candidates for November Elections
Stand With Crypto PAC has endorsed 18 more candidates for the November election. This endorsement list consists of 15 incumbents and splits the vote almost 50/50 between Democrats and Republicans.
The PAC aims to empower supporters in the political arena as the industry works to ensure that cryptocurrency and blockchain technologies continue to be supported in the United States.
Latest Endorsements from the Stand with Crypto PAC
Stand With Crypto PAC’s new name ambassadors include senators Kirsten Gillibrand of New York and Rick Scott of Florida, and representatives Dan Goldman of New York and Young Kim of California. Other candidates endorsed by the PAC include Blake Masters in Arizona for the House seat and Sarah McBride in Delaware for the same candidate.
The PAC determined that these candidates have a strong appreciation and commitment to expanding the use of cryptocurrency and blockchain technology in the United States.
Coinbase‘s Chief Legal Officer Paul Grewal emphasized the importance of crypto votes in a recent tweet, noting that the election could be affected by a few votes in key states. He noted that a majority of Americans are involved in digital assets and noted that political positions on crypto could influence voters’ preferences.
Growing Influence of Crypto Voters
Stand With Crypto PAC found that more than 52 million people in the United States own some form of digital currency, and 87% of them want to replace the current financial system ‘as is’. The PAC also stated that 45% of survey respondents would not vote for the anti-crypto candidate.
“21st Century”, also known as FIT21 by the House of Representatives. The recent passage of the “Financial Innovation and Technology for the 21st Century Act” is evidence of increasing bipartisanship on cryptocurrency-related issues.
The bill, which aims to provide a legal framework for cryptocurrencies and digital assets in the US, was approved by a comfortable vote of 278 to 136. Although he was supported by Republican lawmakers, he was also supported by many Democrats.
Challenges and Strategic Shifts in the Senate
Despite success in the House, the FIT21 bill faces challenges in the Democrat-controlled Senate, where some cryptocurrency critics such as Senator Elizabeth Warren are influential. The crypto community has not given up and is pushing to get the bill passed to maintain momentum.
To that end, Congressman Ro Khanna is scheduled to hold a roundtable conference in Washington, D.C. next month. This event will include the Biden Administration, Congress, and the crypto industry to map out strategies for how the United States can continue to foster innovation in blockchain technology.
Additionally, former United States President Donald Trump’s recent involvement in the crypto space has also helped bring this issue to light. Trump accepted Bitcoin Lightning payments for campaign contributions and vowed to roll back what he called “joe Biden’s war on crypto.” His support for the Bitcoin market also includes inviting major US Bitcoin miners to a roundtable at Mar-a-Lago.
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Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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