Crypto Advocates to Rally in Washington, D.C. for ‘Stand with Crypto Day’ with The Chainsmokers
The U.S. cryptocurrency advocacy group will host its second “Stand with Crypto Day” later this month, which will include a performance by The Chainsmokers in Washington, D.C.
The September 18 event follows a bus tour called the “America Loves Crypto Tour,” which visits five states, including Michigan, Wisconsin, and Pennsylvania. Politico first reported the news.
“The second Stand with Crypto Day will be the final stop on our swing state tour across the country to get cryptocurrency owners registered to vote,” Sabrina Siddiqui, a spokesperson for Stand with Crypto, said in a statement. “We know crypto voters can make a difference in states that will determine who wins or loses this cycle, and we’re excited to talk to policymakers in D.C. about these voters.”
The advocacy group hosted a “Day with Crypto” nearly a year ago, where it spoke about: Join senators on Capitol Hill to get legislation to regulate the cryptocurrency industry. Small cryptocurrency business founders and other cryptocurrency stakeholders also attended the event.
Coinbase Chief Legal Officer Paul Grewal told The Block when asked about the event that while crypto voters and artists agree that strict rules are needed to hold people accountable, they need rules and standards.
“I think it’s about a broader connection between creators, artists and others who are finding ways to leverage technology to showcase their work to the world and their fans,” Grewal said.
The Chainsmokers have dabbled in cryptocurrency before. The duo partnered with Paris Hilton Invested August 2022 CreatorDAO. The DAO is a decentralized organization that provides financial and technical support to creators. The Chainsmokers, Nas, Logic, and Kygo have also previously Invested In Royal — a A startup building a marketplace for digital assets related to musicians.
Cryptocurrencies have become a hotly debated election issue in the industry. Former President Donald Trump was seen as friendly to the industry by promising to end the “illegal and un-American crackdown” on the U.S. cryptocurrency industry. The Republican presidential candidate has also made inroads into the industry by choosing a candidate who is crypto-friendly. JD Vance As his running mate promised to defend For Bitcoin miners. Some of the major cryptocurrency industry players, including Gemini co-founders Tyler and Cameron WinklevossThey supported Trump, gave him strength and poured money into him.
Meanwhile, Democratic candidate and Vice President Kamala Harris Reach Her team wants to know more about the cryptocurrency industry, sources said. 88 top and former executives have endorsed Harris, cnbc on Friday. The list included Ripple co-founder Chris Larsen, former 21st Century Fox CEO James Murdoch, and LinkedIn CEO Reid Hoffman.
Ripple has Donated It donated millions of dollars to FairShake, a federal political action committee (PAC), to support cryptocurrency-supporting candidates in the upcoming U.S. election. This comes as Ripple has been embroiled in a years-long legal battle with the U.S. Securities and Exchange Commission, after the agency sued Ripple. Raised $1.3 billion by selling XRP as an unregistered security.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
