Cryptocurrency payment company MoonPay has contributed an undisclosed amount to the coin support project

Crypto payment company MoonPay has contributed an undisclosed amount to Coinbase’s non-profit cryptocurrency advocacy project, Stand With Crypto.

“This morning, we made a donation on behalf of everyone here at MoonPay to stand with Crypto,” MoonPay CEO Evan Soto-Wright announced on May 13.

The executive stressed that the upcoming US elections will determine the future of the country’s cryptocurrency industry, and it is the responsibility of the people to intensify the development of cryptocurrencies. He said:

“In solidarity with Stand With Crypto, we support elected officials to create a clear regulatory framework for cryptocurrencies that fosters innovation while protecting consumers.”

MoonPay’s donation, details of which were shared with Cointelegraph in the background, comes just a few days after Coinbase’s Stand With Crypto project revealed it was launching a political action committee (PAC) with nearly 450,000 members to contribute to candidates running in the US election in 2017. 2024. Elections.

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“The goal is to endorse candidates and support candidates who protect the rights of Stand With Crypto advocates throughout the month of November,” Nick Carr, chief strategist at Stand With Crypto, reportedly said. According to its website, the political action committee has raised more than $86 million at the time of writing.

Source: Stand with Encryption

Crypto’s latest PAC on pro-crypto political candidates comes just months after Coinbase launched the project in November 2023.

This is a developing story, and more information will be added as it becomes available.

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