A group of BTC miners, including Riot Platforms, Clean Spark, and Mara Holdings, is throwing their weight behind the new Bitcoin Voter PAC, as competition intensifies to influence the outcome of the 2024 election.
The website has video adverts supporting presidential hopeful Donald Trump and Senator Ted Cruz on their positive stands towards the bitcoin and cryptocurrency industry. This comes as executives in the crypto industry have also been pouring large sums of funds in donations to back candidates who are pro-crypto.
Bitcoin Voter PAC driving “financial freedom”
According to it’s website, the Bitcoin Voter PAC is “committed to helping elect Bitcoin champions who want to protect US innovation and bring sound monetary policy to the American people.”
Voting for pro-crypto candidates therefore guarantees financial freedom for Americans, it suggests. In one of the adverts supporting Senator Ted Cruz , who is running for Texas, it says the aspiring Senator will be the champion for the state’s financial freedom, particularly for Bitcoin and cryptocurrency.
The adverts are selling the same theme. According to one of the adverts featuring Trump, the country’s financial freedom is under siege, and with Kamala Harris in office, the future of cryptocurrency will be uncertain.
“The Bitcoin Voter PAC is committed to helping elect Bitcoin champions who want to protect U.S. innovation and bring sound monetary policy to the American people.”
Bitcoin Voter PAC.
According to the website’s adverts, the pro-crypto candidates it supports are champions for digital currency by giving people control over their financial freedom, and ensuring their money is their choice, “decentralized, and free from the government.”
Supporters of the initiative are already upbeat that a Trump presidency will be good for the crypto industry as opposed to Kamala Harris.
“Cause Trump is pro-crypto and the industry should support that and not cross their fingers hoping Kamala and democrats will be when they’ve already proven otherwise,” said Carpenter XRP on X platform
Crypto firms continue to support pro-crypto candidates
One of the hot topics in the crypto industry is around regulation of the sector. This is one of the selling points for the Bitcoin Voter PAC, as it aims to ensure the election of candidates who are pro-crypto and who will come up with regulations that promote a fair environment as opposed to stifling innovation in the sector.
This also comes as some stakeholders in the crypto industry have expressed frustrations with the regulator, the Securities and Exchange Commission (SEC). For example, Ripple has reportedly spent over $100 million fighting a lawsuit brought by SEC, that has gone after some of the biggest crypto exchanges with the likes of Coinbase, Binance, and Kraken being targets.
“There are those in government who want to regulate and restrict access to cryptocurrency. The Bitcoin Voter PAC will help elect candidates who will protect our financial freedom.”
Bitcoin Voter PAC.
The website also makes a call for donations to power the election campaigns. This comes as there have been huge funds going through to the election programs in support of the pro-crypto candidates.
Since the election campaign started, crypto firms have poured large sums of money to back some candidates, reportedly to secure their businesses once a pro-crypto individual makes it.
As of September, crypto businesses had poured over $190 million towards the 2024 election in the US with the Winklevoss twins alone donating $10 million, becoming the biggest individual donors from the crypto industry.
