Coinbase, the largest cryptocurrency exchange in the USA, has published a new report as it continues its work for the US Presidential elections, which will take place in November 2024.
Accordingly, Coinbase announced that the cryptocurrency industry donated $78 million to support political leaders who support innovation.
Noting that only 9% of US citizens are satisfied with the current system, Coinbase said that the crypto industry has raised over $78 million in donations to support the 52 million Americans who own a digital asset.
“The future of cryptocurrencies in the US depends on the election of candidates and the enactment of policies that support responsible, fair rules for crypto.
The current approach withholds regulatory clarity and drives jobs, economic activity, and innovation overseas to the detriment of ordinary Americans. “
Coinbase said donors include Andreessen Horowitz, Brian Armstrong, Circle, Coinbase, Cumberland, Kraken, Messari, Paradigm, Ripple and Gemini founders Cameron and Tyler Winklevoss.
Coinbase added that the leading names of the cryptocurrency industry who donated will fully support the crypto industry, which is facing pressure from regulators in the USA.
*This is not investment advice.