Mining experts have formed an organization to influence US crypto voters

Three executives representing some of the largest cryptocurrency mining companies in the United States have joined a non-profit organization to help educate voters on Bitcoin (BTC).

Jason Browder, senior vice president of government affairs at Marathon Digital Holdings, told Cointelegraph that he and two executives from Riot Platforms and CleanSpark have formed the board members of the Bitcoin Voters Project. Browder said the group is registered as a 501(c)(4) in the United States.

Unlike a political action committee (PAC), registered 501(c)(4) organizations cannot support a candidate or political party. Less than 24 hours after various representatives of Marathon, CleanSpark, TeraWulf and Riot met with former US President Donald Trump, the recently convicted felon said that the voting project was launched “following the need for the rest of Bitcoin mining to be done in the USA.”

According to Browder, the voting project has been “a long time in the making” but is slated to launch before the 2024 US presidential election. He added that Trump's rally was not planned to coincide with the inauguration, which he described as “non-partisan” and aimed to identify voters unfamiliar with cryptocurrencies such as bitcoin. Ultimately, they plan to support lawmakers and related policies in Congress.

I do not recommend specific candidates yet.

According to the marathon executive, the project will have about $5 million in stages for research and voter education, but it will eventually need to “[turn] These voters are going to support candidates who support digital assets.” The website of Stand With Crypto – a PAC launched by Coinbase in 2023 – Bitcoin Voters Project did not list any specific candidates or crypto-related legislation at the time of publication. Like Fairshak and his allies, political candidates of both parties are running in the 2024 primaries. Other PACs that support directly.

“We are taking a different approach. [than Stand with Crypto]which is how we identify potential voters and how we engage with them and how we educate them,” Browder. “Down the road, if we educate and identify these voters and engage with us, Coinbase and the opportunity comes to do what they do, which is to influence political elections. “

Related: Crypto Is ‘Top of Voters' Minds' in US Swing States – Harris Poll

This single issue is unlikely that crypto voters will constitute a significant percentage of voters in 2024, but, due to the Electoral College “winner-all” system in many American states, an issue that can influence tens of thousands of voters. It has the potential to change the outcome of an election by taking votes away from the major party candidates — in this case, presumably Trump and President Joe Biden.

Representatives of several crypto advocacy groups, including the Digital Chamber of Commerce's Perian Boring Group and the Texas Blockchain Council, have lent their support to the Bitcoin Voters project. As of June 14, the group reported hundreds of people had signed up.

President Biden and Trump are scheduled to meet on June 27, the first time the two will meet face-to-face after the 2020 election. Other presidential candidates in 2024 include Independent Robert F. Kennedy Jr. and Libertarian Chase Oliver.

Magazine: Crypto voters are rocking the 2024 election — and it's set to continue.