Cryptocurrencies

Stand With Crypto Establishes Election Fund, Supports Candidates Vying for Open Seats

The rapidly expanding group of cryptocurrency enthusiasts, Stand With Crypto, is delving into campaign financing by launching its own political action committee (PAC) that will provide direct donations to endorsed congressional candidates, announced Chief Strategist Nick Carr. The initial round of endorsements will include five candidates vying for open seats in the U.S. House of Representatives and Senate, although the funds will be collected over time. Stand With Crypto’s PAC is considered an “associated PAC,” meaning it is backed by the organization’s own members, with each member limited to $5,000 in contributions. Once funds start accumulating in the PAC, the committee will be able to make direct donations to candidates as they navigate through the later stages of the primaries and the crucial November general election, the group revealed on Friday.

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