Winklevoss Twins & Coinbase Back $100M Pro-Crypto PAC
- Winklevoss twins and Coinbase fund $100M pro-crypto PAC
- The PAC aims to support crypto-positive political candidates
- Focus is on shaping favorable crypto regulation in the U.S.
In a bold move to influence U.S. crypto policy, the Winklevoss twins and Coinbase have joined forces to raise $100 million for a pro-crypto fellowship PAC. This Political Action Committee (PAC) is designed to support lawmakers who are in favor of crypto innovation and decentralization, especially ahead of the 2024 U.S. elections.
The initiative signals a growing push from within the crypto industry to directly participate in shaping regulatory decisions. The funding will be used to back candidates who champion blockchain technology, digital asset ownership, and financial freedom.
Why This Matters for Crypto Regulation
The pro-crypto fellowship PAC isn’t just about lobbying—it’s a strategic move to ensure crypto-friendly voices are heard in Washington. With increasing regulatory pressure from the SEC and other federal agencies, crypto leaders believe this PAC could help shift the narrative and create a more welcoming environment for innovation.
Coinbase, which has been in regulatory battles itself, sees this as a necessary step toward long-term clarity and protection for the crypto space. The Winklevoss twins, early Bitcoin investors and founders of Gemini, are equally passionate about protecting the decentralized future of finance.
A Growing Trend of Political Involvement
This PAC is part of a larger movement in the crypto industry, where major players are beginning to directly support political efforts. With crypto becoming a key issue in U.S. politics, especially in upcoming elections, initiatives like this could significantly influence the direction of future laws and enforcement actions.
The fellowship aspect of the PAC may also support education and public awareness, building stronger ties between policymakers and the blockchain community.
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