Multicoin to match up to $1 million in Solana donations to pro-crypto candidates

In a move to bolster support for cryptocurrency-friendly politicians in the United States, crypto investment firm Multicoin Capital on Friday announced a campaign to match donations to the Sentinel Action Fund.

Kyle Samani, Managing Partner at Multicoin Capital; revealed The initiative is detailed in the Twitter (aka X) thread, emphasizing the importance of political participation in shaping future cryptocurrency regulation.

The campaign, set to run for 10 days, will see Multicoin Capital match all donations made by Solana (SOL) to the Sentinel Action Fund, up to $1 million.

“We do this because we recognize the importance of political engagement, and that starts with supporting candidates who believe America should remain free to innovate,” Samani said.

Sentinel Action Fund, a political action committee (PAC), focuses on electing crypto-friendly candidates for the US Senate. Under the leadership of Jessica Anderson, the PAC is supporting conservative candidates who support responsible crypto innovation in America.

Samani highlighted the support of Senator Bill Hagerty, a champion of crypto innovation.

“Without him, we can't win. [get out the vote] Efforts and Sentinel Action Fund are literally laying the groundwork for a pro-crypto Senate – on the ground in swing states to increase pro-crypto candidates,” Haggerty reported on Samani's Twitter thread.

“The future of our industry is clearly at stake, and we must do our best to elect pro-crypto candidates who see reasonable legislation,” said Samani, who said the initiative comes at a critical time for the cryptocurrency industry. the floor.”

To facilitate donations, Multicoin Capital has partnered with Dialect to implement the “Blink” donation system. Recently added Solana network feature.Allow direct contributions from Twitter using Backpack bagsSupport for Phantom Wallet is expected in the near future.

“When you make your donation here at X, Blink provides all the information needed for FEC compliance purposes,” Samani explained.

The matching campaign aims to highlight the impact of individual contributions.

“If you contribute to SOL during this time, we will double your contribution to our match,” Samani said, directing donors to the Sentinel's website. Samani credits the Solana community for quickly developing the technology to support this initiative.

“This would have been impossible three days ago, but many contributors on the team worked around the clock to make it happen,” he said.