Jump Crypto Adds $10M to Industry's U.S. Political War Chest, Raising PAC to $169M
Summary
Jump Crypto invested $10 million in a U.S. political action committee (PAC) aiming to elect pro-crypto members to Congress. This brings the total to $169 million, making it a significant campaign-finance operation for the 2024 elections. The PAC aims to support candidates who will work with the industry to pass responsible crypto regulation. Recent votes in Congress have helped assess lawmakers' stance on crypto, with a grading system being used by advocacy groups. Stand With Crypto, backed by Coinbase, has reached over a million members and endorsed 22 candidates with "A" grades.
