In the midst of the heated presidential race in the United States, Donald Trump, known for his favorable stance on Bitcoin, has garnered significant attention from the cryptocurrency sector. His campaign has not only surged ahead in the polls but also secured substantial financial backing.
In a similar vein, senators who advocate for digital currencies have also witnessed a wave of donations. Multicoin Capital, a prominent investment firm in the US, has pledged to contribute $1 million in support of Republican senators who are pro-cryptocurrency.
CoinDesk reports that Multicoin Capital is set to donate as much as $1 million to senators who are friendly towards cryptocurrency initiatives. The firm has earmarked $1 million for the Sentinel Action Fund, a political action committee that endorses four Republican candidates with conservative leanings: Captain Sam Brown, Dave McCormick, Bernie Moreno, and Tim Sheehy.
Tushar Jain, the co-founder of Multicoin Capital, has expressed the company’s commitment to donate an amount equivalent to $1 million in Solana to the Sentinel Action Fund. This contribution is scheduled to be made within the forthcoming 10 days.
Jain enthusiastically shared, “I’m thrilled to announce Multicoin Capital’s support for the Sentinel Action Fund, which aims to bring pro-cryptocurrency candidates into the US Senate. We are pledging an equivalent of $1 million in SOL to bolster the Fund’s mission. At Multicoin, we believe that support for cryptocurrency should transcend party lines and be a nonpartisan endeavor.”
The fundraising efforts of the Sentinel Action Fund are facilitated by Gemini, which also hosts a portal for crypto donations. The Fund accepts a variety of alternative cryptocurrencies, including SOL, as donations.
On July 5, 2024, Jain tweeted, “Today marks an exciting day as Multicoin Capital throws its support behind the Sentinel Action Fund, aiding in the election of pro-crypto senators. We are matching $1M in $SOL donations to support their cause.”
Please note that this article is not intended as investment advice. For those interested in diversifying their portfolio with over 300 cryptocurrencies, Binance offers a registration option with a 20% commission discount through the provided link.
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