Moonpay, a leading platform for buying and selling cryptocurrencies, has made a significant $1 million donation to Stand With Crypto, a nonprofit organization rallying American voters around crypto-friendly causes. The goal? Helping to elect officials who will foster an innovation-boosting regulatory framework for digital assets.
CEO: Donation Will Support Positive Crypto Progress
In a statement, Moonpay CEO Ivan Soto-Wright explained the powerful motivation behind the seven-figure contribution. “This donation is about standing with the organizations working to positively advance crypto innovation for everyone,” he said.
Soto-Wright believes this year’s elections “will define the future of the industry in the United States.” With top crypto exchanges facing legal troubles as alleged “enablers,” he feels American digital ownership rights are “at risk.” Moonpay is “proud to support our industry” by backing Stand With Crypto’s efforts to get pro-crypto candidates elected.
Rallying Crypto Supporters for Impactful Change
The Stand With Crypto initiative, launched in 2023 by Coinbase, aims to transform the crypto community “into a powerful voice advocating for policies that will update our financial system.” The nonprofit says it has raised over $87 million from nearly 500,000 digital asset advocates so far.
Recently, Stand With Crypto announced the formation of a political action committee (PAC) to directly donate to endorsed congressional candidates aligning with its mission. As crypto continuously battles for legitimacy in Washington, the ability to influence elections could prove pivotal for securing a prosperous future.
With formidable donors like Moonpay joining the fold, Stand With Crypto’s voice advocating for innovation-friendly rules seems poised to grow even louder ahead of pivotal ballots being cast.
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