{"id":167104,"date":"2024-06-06T14:11:56","date_gmt":"2024-06-06T14:11:56","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=167104"},"modified":"2024-06-06T14:12:00","modified_gmt":"2024-06-06T14:12:00","slug":"stand-with-crypto-alliance-hits-1-million-supporters-sends-strong-message-to-washington-as-election-approaches","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/stand-with-crypto-alliance-hits-1-million-supporters-sends-strong-message-to-washington-as-election-approaches\/","title":{"rendered":"Stand with Crypto Alliance Hits 1 Million Supporters, Sends Strong Message to Washington as Election Approaches"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Milestone Achievement<\/span><\/strong><span data-preserver-spaces=\"true\">: Stand With Crypto, supported by Coinbase, has reached\u00a01 million members, advocating for crypto\u2019s importance across various states and political lines, and has established a PAC to influence policy.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Political Influence &amp; Funding<\/span><\/strong><span data-preserver-spaces=\"true\">: With millions in donations and significant campaign-finance contributions, the group aims to mobilize crypto enthusiasts to shape policies favorable to blockchain and digital assets.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Legislative Focus<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The alliance\u2019s primary focus is on the\u00a0FIT21 Act, which aims to establish a regulatory framework for cryptocurrencies in the U.S. The bill has passed the House with bipartisan support and now faces the Senate.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/www.standwithcrypto.org\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Stand With Crypto<\/span><\/a><span data-preserver-spaces=\"true\">,<\/span><\/strong><span data-preserver-spaces=\"true\"> a digital assets advocacy group backed by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/coinbase-review\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Coinbase <\/span><\/a><span data-preserver-spaces=\"true\">Inc., <\/span><strong><span data-preserver-spaces=\"true\">has achieved a significant milestone: one million members. <\/span><\/strong><span data-preserver-spaces=\"true\">The organization, which rapidly gained traction online, is making waves in the crypto community and beyond.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">StandWithCrypto is about to cross 1m advocates in the next few hours&#8230;<\/p>\n<p>I don&#39;t think most people have realized how big the crypto voter block is. <a href=\"https:\/\/t.co\/98XtgLOfSy\" target=\"_blank\">pic.twitter.com\/98XtgLOfSy<\/a><\/p>\n<p>&mdash; Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1798422203832422464?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 5, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Stand with Crypto: A Growing Movement<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Founded in August of last year, <\/span><strong><span data-preserver-spaces=\"true\">Stand With Crypto has quickly become a force to be reckoned with.<\/span><\/strong><span data-preserver-spaces=\"true\"> The organization\u2019s first million members have signed up in record time. <\/span><strong><span data-preserver-spaces=\"true\">These advocates span <\/span><span data-preserver-spaces=\"true\">across<\/span><span data-preserver-spaces=\"true\"> state lines and political affiliations<\/span><\/strong><span data-preserver-spaces=\"true\">, united by their belief in the importance of crypto.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Stand With Crypto actively monitors U.S. politicians<\/span><span data-preserver-spaces=\"true\">, similar to how<\/span><span data-preserver-spaces=\"true\"> Coinbase once did.<\/span> <strong><span data-preserver-spaces=\"true\">They organize public events to raise awareness about <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/virtual-currencies\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">digital asset<\/span><\/a><\/strong> <strong><span data-preserver-spaces=\"true\">issues<\/span><\/strong><span data-preserver-spaces=\"true\"> and have recently established a political action committee (PAC). This PAC aims to directly engage with candidates and influence policy decisions.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Membership is accessible through a quick online signup process, allowing for anonymity. However, Chief Strategist <\/span><strong><span data-preserver-spaces=\"true\">Nick Carr revealed that most members voluntarily provided physical addresses.<\/span><\/strong><span data-preserver-spaces=\"true\"> Their collective voice sends a clear message to Washington: crypto matters.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Funding and Goals<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-167112\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StandWithCrypto1M.jpg\" alt=\"Stand with Crypto Alliance Hits 1 Million Supporters, Sends Strong Message to Washington as Election Approaches\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StandWithCrypto1M.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StandWithCrypto1M-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StandWithCrypto1M-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The organization has <\/span><span data-preserver-spaces=\"true\">not only<\/span><span data-preserver-spaces=\"true\"> amassed a million supporters <\/span><span data-preserver-spaces=\"true\">but also<\/span><span data-preserver-spaces=\"true\"> collected millions in donations.<\/span> <strong><span data-preserver-spaces=\"true\">Stand With Crypto intends to use its financial resources to mobilize U.S. crypto enthusiasts. <\/span><\/strong><span data-preserver-spaces=\"true\">Their goal is<\/span><span data-preserver-spaces=\"true\"> to shape political outcomes that favor blockchain technology and digital assets.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The crypto industry has stepped up its political advocacy efforts. <\/span><strong><span data-preserver-spaces=\"true\">With over $160 million invested in a campaign-finance initiative<\/span><\/strong><span data-preserver-spaces=\"true\">, crypto now rivals <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> industries in its lobbying power. Notably, the Cedar Innovation Foundation, an anonymous political organization, has applied pressure on Senator Sherrod Brown (D-Ohio) regarding crypto legislation.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Voter Sentiment<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Industry-sponsored surveys conducted by Harris Polls reveal intriguing insights:<\/span><\/p>\n<ol style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Interest in Crypto Views<\/span><\/strong><span data-preserver-spaces=\"true\">: One-third of voters consider candidates\u2019 views on digital assets before making decisions. Clearly, crypto\u2019s impact extends beyond the tech-savvy crowd.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Negative Perceptions<\/span><\/strong><span data-preserver-spaces=\"true\">: However, a separate poll among swing state voters indicates that up to 69% harbor negative views of cryptocurrency.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The FIT21 Act<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Stand With Crypto\u2019s goal is laser-focused on the \u201cFinancial Innovation and Technology for the 21st Century Act\u201d<\/span><\/strong><span data-preserver-spaces=\"true\"> (FIT21). This <\/span><strong><span data-preserver-spaces=\"true\">legislation is crucial <\/span><\/strong><span data-preserver-spaces=\"true\">as it seeks to create a <\/span><span data-preserver-spaces=\"true\">strong<\/span><span data-preserver-spaces=\"true\"> regulatory structure for cryptocurrencies and digital assets within the United States.<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The bill passed in the House of Representatives by a 278-136 vote.<\/span><\/strong><span data-preserver-spaces=\"true\"> Remarkably, <\/span><strong><span data-preserver-spaces=\"true\">it garnered bipartisan support<\/span><\/strong><span data-preserver-spaces=\"true\">, with 200 Republicans voting in favor. The bill now faces the Democrat-controlled Senate. Critics, including Senator Elizabeth Warren, will play a pivotal role in its fate.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As the general election approaches, crypto voters remain steadfast. The Stand with Crypto Alliance\u2019s impact reverberates through the halls of power, urging lawmakers to recognize the significance of blockchain technology and its role in shaping the future of finance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Milestone Achievement: Stand With Crypto, supported by Coinbase, has reached\u00a01 million members, advocating for crypto\u2019s importance across various states and political lines, and has established a PAC to influence policy. Political Influence &amp; Funding: With millions in donations and significant campaign-finance contributions, the group aims to mobilize crypto enthusiasts to shape policies favorable to &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Stand with Crypto Alliance Hits 1 Million Supporters, Sends Strong Message to Washington as Election Approaches\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/stand-with-crypto-alliance-hits-1-million-supporters-sends-strong-message-to-washington-as-election-approaches\/#more-167104\" aria-label=\"More on Stand with Crypto Alliance Hits 1 Million Supporters, Sends Strong Message to Washington as Election Approaches\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":167113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,4656,5239,4986],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/167104"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=167104"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/167104\/revisions"}],"predecessor-version":[{"id":167119,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/167104\/revisions\/167119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/167113"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=167104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=167104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=167104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}