crypto wallet provider Exodus has made a significant contribution to the Stand With crypto Alliance, demonstrating its commitment to promoting the crypto industry among US voters. The team behind Exodus announced a $1.3 million donation to the advocacy group, emphasizing the importance of educating and mobilizing crypto voters across the country.
Founded in 2015, Exodus is known for its multi-asset software wallet and recently reported a strong performance in the second quarter of this year. With an 80% increase in revenue year-over-year, reaching $22.3 million, the company also saw growth in monthly active users and trading volume.
Despite these positive results, Exodus recorded a net loss of $9.6 million in the same period. The company continues to innovate, launching its Passkeys Wallet in July 2024, with biometric or PIN login capabilities.
$180.7M Donated to crypto Advocates
The Stand With crypto Alliance, a nonprofit organization established in August 2023 by Coinbase's Chief Policy Officer Faryar Shirzad, aims to mobilize the 52 million American crypto owners to become a powerful force in advocating for the industry. The alliance has received significant support from leading crypto companies such as Coinbase, Kraken, OpenSea, Gemini, and many more.
According to the Federal Election Commission data, as of June 30, 2024, direct contributions to the Alliance amounted to $13,690.18. However, the total amount donated to crypto advocates through Fairshake, a pro-crypto Super PAC, and the Stand With crypto Alliance, is reported to be $180,672,293.
The Stand With crypto website provides a list of politicians categorized based on their support for the crypto industry. Well-known figures such as Cynthia Lummis are rated as strongly supportive, while others like Kamala Harris and Tim Walz are yet to take a clear stance.
As the crypto industry gains more attention in the political arena, high-profile figures like former President Donald Trump and Vice President Kamala Harris have expressed varying degrees of support for digital assets and blockchain technology. The Stand With crypto Alliance continues to engage with candidates and educate voters on the importance of crypto-friendly policies.
In conclusion, the collaboration between Exodus and the Stand With crypto Alliance underscores the growing influence of the crypto industry in shaping political discourse and policy decisions. As more companies and advocacy groups join forces to advance the cause of crypto adoption, the landscape of digital assets in the United States is poised for further growth and recognition.
