US Crypto Voters. A nonprofit organization that aims to educate voters on Bitcoin $63,562 was launched with the assistance of three executives who represent some of the significant cryptocurrency mining businesses in the United States.
In an interview, Jayson Browder, the senior vice president of government affairs at the mining company Marathon Digital Holdings, stated that he and two executives from Riot Platforms and CleanSpark comprised the Bitcoin Voter Project board members. According to Browder, the organization was registered as a 501(c)(4) organization in the United States.
When compared to a political action committee (PAC), organizations that are registered under a 501(c)(4) provision are prohibited from providing primary support to a single political party or candidate. The debut of the voting initiative occurred less than twenty-four hours after several representatives from Marathon, CleanSpark, TeraWulf, and Riot met with former President of the United States Donald Trump. The meeting resulted in the newly convicted felon expressing his desire for “all the remaining Bitcoin mining to be made in the USA.”
Even though the voting project had been “a long time in the making,” Browder stated that it was planned to be launched before the presidential elections in the United States in 2024. He further pointed out that the meeting with Trump had not been scheduled to coincide with the launch. He referred to the organization as “nonpartisan” and stated that its objective was to find voters who might not be familiar with cryptocurrencies such as Bitcoin. At some point in the future, they intended to provide backers to lawmakers and associated policies in Congress.
Not Yet Recommending Specific Candidates
A representative from Marathon stated that the project had approximately five million dollars available in phases to conduct research and educate voters but that the ultimate goal was to “these voters out to support candidates that support digital assets.” The Bitcoin Voter Project website did not, at the time of writing, include any specific candidates or legislation relating to cryptocurrency, in contrast to the Political Action Committee (PAC) known as Stand With Crypto, which Coinbase established in 2023. US Crypto Voters: Other crypto-focused political action committees (PACs), such as Fairshake and its affiliates, have directly supported political candidates vying for office in both parties’ primaries in 2024.
“We are taking a different approach, which is how do we identify potential voters, engage with them, and educate them,” added Browder. “We are taking a different approach.” “Further down the road, once we have educated and identified these voters and they are engaged with us, there will be an opportunity to do what Coinbase and them are doing, which is to influence political elections,” said the individual.
Also Read: Trump Wants US Bitcoin Mining Control
Opinions of Voters
It is improbable that voters only concerned with a particular subject will constitute a sizeable portion of the electorate in 2024. Nevertheless, because of the “winner-take-all” system that is used in many states of the United States, a matter that has the potential to sway the opinions of tens of thousands of voters has the capability of altering the outcome of an election by attracting votes from the candidates of the major parties, which in this instance are presumed to be Donald Trump and Joe Biden, the Vice President of the United States.
US Crypto Voters: The Bitcoin Voter Project has already received endorsement from many representatives of crypto advocacy groups, including Perianne Boring of the Chamber of Digital Commerce and the Texas Blockchain Council, amongst others. It was announced by the organization that hundreds of people have joined up as of the 14th of June.
A face-to-face meeting between President Biden and June 14 is scheduled for June 27. This will be the first time the two candidates have met since June 27 since the election in 2020. In 2024, voters may also consider the independent candidate Robert F. Kennedy Jr. and the libertarian candidate Chase Oliver as potential presidential contenders.
