Exodus Donates $1.3M to Crypto Advocacy Group to Support Election Initiatives

Exodus, a well-known crypto wallet provider, has donated $1.3 million to the bipartisan advocacy group Stand With Crypto, bringing the total contributions from the crypto industry to nearly $190 million in this election cycle.

The financial support is part of a broader initiative to educate and mobilize crypto voters nationwide, according to a report by FOXBusiness.

Stand With Crypto is an advocacy group that endorses candidates supportive of cryptocurrency policies. The organization features a list of twenty-one pro-crypto congressional candidates from both the Democratic and Republican parties on its website, along with links for donations to their campaigns.

Recently, the organization completed a tour of five swing states, successfully registering 100,000 voters in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.

Exodus Commitment to Crypto Advocacy

JP Richardson, CEO of Exodus, highlighted the significance of Stand With Crypto’s mission, stating that the organization is crucial in ensuring a future where cryptocurrency and blockchain technology thrive in the U.S. He also noted Exodus’ commitment to the shared goal.

“At Exodus, we’ve always believed that the future of finance lies in decentralization and individual empowerment,” he said.

Exodus is listed as a partner alongside major firms such as Coinbase, Gemini, Kraken, and ConsenSys on Stand With Crypto’s website. With this latest donation, Stand With Crypto has raised $2.79 million, in addition to the $177 million contributed to the crypto super PAC Fairshake.

U.S. Presidential Candidates Endorse Crypto

Exodus’ recent contribution follows Kamala Harris’ official endorsement of crypto, underscoring its increasing influence in politics. The expanding group of crypto voters is set to impact several key congressional races and the presidential election.

In a recent development, Vice President Kamala Harris addressed cryptocurrency for the first time since becoming the Democratic presidential nominee.

As reported by CoinTab, she stated that her administration would promote innovative technologies like AI and digital assets while ensuring consumer and investor protection. 

Meanwhile, Trump promises a lighter regulatory approach, plans to remove SEC Chairman Gary Gensler, and aims to make the United States “the crypto capital of the planet.”

Last week, he made headlines by visiting a Bitcoin-themed bar in New York City, where he purchased $1,000 worth of food and drinks with Bitcoin, becoming the first presidential candidate to conduct a transaction on the Bitcoin network.