Overview of Multicoin Capital’s Support for Pro-Crypto Candidates
Multicoin Capital, a major crypto-focused investment firm in the US, has pledged up to $1 million to support pro-crypto candidates. The firm plans to back four Republican Senate candidates who have expressed positive views on cryptocurrency: Sam Brown, David McCormick, Bernie Moreno, and Tim Sheehy.
Sentinel Action Fund and Multicoin’s Contribution
Sentinel Action Fund is receiving donations from Multicoin Capital, with the firm matching Solana (SOL) token donations to the PAC until July 14. Gemini is facilitating the acceptance of these token donations. The conservative nature of Sentinel aligns with Multicoin’s bipartisan approach to supporting pro-crypto candidates.
Multicoin’s Focus on America-First Crypto
Multicoin Capital aims to support candidates endorsing America-first crypto mining and related legislation. The fund’s leaders, Kyle Samani and Tushar Jain, prioritize backing candidates who advocate for crypto innovation. The four Republican candidates, rated highly by Stand With Crypto, are seen as ideal recipients of this support.
