Exodus Fuels Crypto Advocacy with $1.3M Push Ahead of 2024 Election

Exodus, a prominent crypto wallet provider, has made a major move to bolster political advocacy for the digital asset industry.

On September 24, the company contributed $1.3 million to the Stand With Crypto PAC, a group focused on rallying support among U.S. crypto voters ahead of the 2024 elections.

The Stand With Crypto Alliance, formed earlier this year by Coinbase, aims to empower the estimated 52 million crypto holders in the U.S. by raising political awareness and pushing for regulatory reforms.

One of its key priorities is promoting the passage of legislation like the bipartisan “Financial Innovation and Technology for the 21st Century Act” (FIT21). Despite reports claiming $180 million in donations, official records show the PAC received just over $13,000 by mid-2023.

READ MORE:

Binance Hits Mind-Blowing Record of $100 Trillion Trading Volume

The alliance also ranks politicians based on their stance toward crypto, recently updating its scorecard to demand clearer positions from candidates. As the 2024 election nears, crypto voters are being recognized as a potential swing group. Political strategists have noted their growing influence, urging candidates from both parties to pay attention.

As it stands, the presidential race is tightly contested, with Kamala Harris holding a slight lead over Donald Trump, according to prediction markets. Trump has voiced his support for the crypto sector, even using Bitcoin in public, while Harris has hinted at backing innovation and clearer regulations for digital assets.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.