While the presidential election in the USA is in full swing, presidential candidate Donald Trump, who stands out with his pro-Bitcoin statements, has attracted the cryptocurrency industry to his side.
Trump, who received the support of the crypto industry, was ahead in the election polls and also received financial support in his election campaign.
Apart from Trump, senatorial candidates who support cryptocurrency also received donations. In this context, Multicoin Capital, one of the largest US investment companies, will donate $ 1 million to support crypto-supporting Republican lawmakers.
According to CoinDesk, Multicoin Capital announced that it will donate up to $1 million to pro-crypto senatorial candidates in the United States.
The company plans to donate $1 million to the Sentinel Action Fund, a political action committee (PAC) supporting four conservative Republican candidates: Captain Sam Brown, Dave McCormick, Bernie Moreno and Tim Sheehy.
Multicoin Capital co-founder Tushar Jain said that the company will donate up to $1 million of Solana donations to the Sentinel Action Fund. Accordingly, the company will donate the equivalent of SOL donations to the Sentinel Action Fund within the next 10 days.
“ Today, I am excited to announce that Multicoin Capital is supporting the Sentinel Action Fund to help elect pro-crypto candidates to the US Senate.
Multicoin will donate the equivalent of $1 million SOL to the Sentinel Action Fund to support it.
Multicoin believes crypto support should be a bipartisan or nonpartisan issue.”
The Sentinel Action Fund fundraiser is powered by Gemini and hosts the crypto donation portal. Sentinel Action Fund accepts various altcoins as donations, including SOL.
*This is not investment advice.