Political action committee Fairshake has raised $78 million to support pro-cryptocurrency figures in the upcoming US presidential election.
Fairshake and two other committees, Supporting cryptocurrency and blockchain technologies will work to help political candidates.
78 million dollar budget Andreessen Horowitz, Ark, Circle, Ripple, Coinbase and several others contributed. The full list of donors will not be released until early next year.
The U.S. Securities and Exchange Commission (SEC) said Coinbase Regulations specific to the cryptocurrency industry He recently rejected the request for its creation.
Cryptocurrency companies aim to play an active role in the presidential election to change policies in the United States positively. Kara Calvert, responsible for Coinbase’s US policies. “This shows that the crypto industry is seriously committed to getting involved in the 2024 elections.” said.
Ripple CEO Brad Garlinghouse, USA especially the SEC’s policies saying that he was in the wrong direction because of “We must help leaders support innovation and pioneer pathways to responsible regulation.” said.