Multicoin Capital To Fund Crypto-Friendly US Candidates In Solana 🚀
Multicoin Capital Supports Sentinel Action Fund
Kyle Samani, a managing partner with Multicoin Capital, announced the news of the firm’s special contribution to match up with the donation of SOL to Sentinel Action Fund. The blockchain investment company is looking to donate up to $1 million over the next 10 days. Cryptocurrency exchange Gemini is charged with processing the donations and it starts with supporting the candidates who believe America needs to remain free for innovation,” He said. “By making contributions, we’re giving @sentinelaction the tools to increase the number of pro-crypto senators like @BillHagertyTN — an innovator who understands and speaks our language.”
US Politicians Accept Bitcoin And Other Crypto Donations
Meanwhile, Senator Bill Hagerty, R-Tenn., is known for his apt crypto stance. Over time, he remains one of those pushing for crypto acceptance and regulation through the few bills that he has introduced. Explicitly, one of his bills from last year was focused on saving crypto exchanges like Binance, Coinbase and Kraken from the claws of the U.S. Securities and Exchange Commission (SEC).
Apart from candidates for the Senate position, other top politicians have also been receiving donations and contributions via digital assets. Presidential candidate Donald Trump opened a campaign for crypto donations in May. From that time till now, he has received millions of dollars in cryptocurrencies. He has received crypto donations from the likes of Winklevoss brothers and even Kraken exchange.
Similarly, President Joe Biden followed suit with a crypto campaign but he received severe backlash for accepting Bitcoin and other crypto donations. Though there has not been full acceptance of crypto in the government house, the advent of crypto donations suggest that the wait may soon be over.