The cryptocurrency industry has rallied, raising over $78 million in Q4 to support pro-innovation candidates for the 2024 elections and advocate for crypto-friendly policies, as per a press release from Fairshake.
With a staggering 91% dissatisfaction rate among Americans regarding the current financial system, the Fairshake Super PAC, backed by major crypto players like Coinbase and Kraken, is advocating for fair and responsible regulations.
This initiative is a response to concerns about regulators employing a regulation-by-enforcement strategy, leading to a lack of regulatory clarity and pushing economic activity offshore.
Younger Americans, constituting 40% of eligible voters, express discontent with the traditional financial system, with only 7% feeling adequately served.
Approaching the 2024 elections, the grassroots movement Stand with Crypto aims to rally 1 million supporters, exerting influence on policy decisions in the evolving crypto landscape.
The joint efforts of the industry underscore the critical role elections play in shaping the future of cryptocurrency in the United States.
Also Read: Vivek Ramaswamy Promises ‘Crypto Policy’ By Thanksgiving
