Coinbase-Backed Group Launches Voter Mobilization Drive for Pro-Crypto Candidates

A Coinbase-backed group is gearing up for the November midterm elections with a voter mobilization drive aimed at supporting pro-crypto candidates.

SWC, an advocacy organization led by Coinbase, plans to utilize its online platform to encourage voters to back politicians who share their views on cryptocurrency issues. The group will also distribute a questionnaire to vet candidates on matters related to blockchain and digital assets.

The initiative comes as crypto PACs (Political Action Committees) continue to gain momentum in US politics. These organizations, which include prominent players like Kraken and Ripple Labs, have amassed a war chest of over $271 million for the upcoming elections.

SWC's efforts are part of a broader push by crypto lobbyists to engage with voters at the grassroots level rather than simply reacting to policies after they're developed. This approach is aimed at reducing the potential damage of anti-crypto sentiment in politics, which could have far-reaching implications for the industry.