The Winklevoss twins and Coinbase have announced the establishment of a political action committee (PAC) aimed at supporting lawmakers focused on crypto innovations.
Goals of the PAC and Its Significance
The newly created PAC, funded with $100 million, aims to support politicians advocating for crypto innovation and decentralization ahead of the 2024 elections.
Increasing Crypto Industry's Influence in Politics
This initiative showcases the crypto industry's active efforts to influence legislation. With growing pressure from the SEC and other federal agencies, such committees might change necessary regulatory actions.
Education and Public Awareness
The PAC's partnership might foster education and public awareness, strengthening ties between policymakers and the blockchain community.
The establishment of the $100 million PAC highlights the growing importance of cryptocurrencies in politics and the need for sector participation in shaping future legislative initiatives.
