US Crypto Mining Executives Launch Nonprofit to Educate Voters About Bitcoin
Summary:
Executives from top US cryptocurrency mining companies Marathon Digital Holdings, Riot Platforms, and CleanSpark have founded a nonprofit Bitcoin Voter Project. Registered as a 501(c)(4) entity, the organization is set to educate voters on Bitcoin and is unaffiliated with any specific political candidate or party. While it doesn't currently endorse any specific candidate or crypto-related legislation, it plans to identify and educate potential voters about cryptocurrency with an eye to influence future electoral politics. The project launch was unrelated to a meeting with ex-President Trump. The Bitcoin Voter Project has garnered support from digital commerce advocates and has already signed up hundreds of people.
Leading figures from some of the most prominent cryptocurrency mining companies in the U.S have initiated a nonprofit initiative aiming to educate voters about Bitcoin (BTC). Jayson Browder, Marathon Digital Holdings' top executive for government affairs, informed Cointelegraph that he, along with two additional executives hailing from Riot Platforms and CleanSpark, comprise the administrative team for the newly formed Bitcoin Voter Project. Registered as a 501(c)(4) entity, the organization, unlike political action committees (PACs), is not aligned predominantly with any particular political party or candidate. Within a day of its inception, representatives from Marathon, CleanSpark, TeraWulf, and Riot had a meeting with ex-President Donald Trump, leading the latter to express his desire for the U.S to dominate Bitcoin mining activities. Browder mentioned that the launch of this initiative, which was a long-overdue project, is aimed at the upcoming 2024 presidential elections, unrelated to the meeting with Trump. Stressing its nonpartisan standing, the group aims to reach out to voters unaware of digital currencies like Bitcoin and eventually support related policies and legislators in Congress. Unlike Coinbase's PAC, Stand With Crypto, launched in 2023, the Bitcoin Voter Project doesn't endorse any specific candidate or crypto legislation as of now. The initiative is presently engaged in identifying potential voters, educating them, thereby differentiating its approach from others. However, Browder did hint at the possibility of influencing electoral politics in the future. Despite an expectation that crypto-conscious voters would not form a significant electorate part in 2024, driving a fraction of voters in swing states could potentially alter the election's outcome due to the Electoral College's majority system. Digital commerce advocates and the Texas Blockchain Council have shown support for the Bitcoin Voter Project, boasting hundreds of sign-ups as of June 14. The upcoming debate scheduled for June 27 between President Biden and Trump marks their first face-to-face meeting since the 2020 elections, with Robert F. Kennedy Jr. and Chase Oliver also standing as potential candidates for the 2024 presidency.
Published At
6/15/2024 12:54:27 AM
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