Founded in May 2023 by Coinbase, the Stand With Crypto Alliance has raised approximately $180 million from 1.49 million crypto advocates, although only a small fraction, $13,690, was reported as directly donated to the PAC by June 30.

Exodus, a crypto wallet provider, recently contributed $1.3 million to the Stand With Crypto Alliance, bringing total donations to over $2.79 million.

The presidential race is highly competitive, with Democrat Kamala Harris slightly leading Republican Donald Trump, according to predictions from the crypto platform Polymarket.

Stand With Crypto maintains a database of over 1,000 politicians, grading them on their support for the crypto industry, and recently updated its scorecard to demand greater clarity from candidates.

The cryptocurrency sector has been significantly involved in U.S. election campaign donations, with major contributors including Coinbase, Ripple, and Gemini.

Stand With Crypto aims to encourage crypto holders to register and vote, with a broader goal of achieving clarity in crypto regulations.

The funds raised will be utilized to mobilize crypto holders to vote in the upcoming U.S. elections and to promote various community initiatives.

Crypto voters are emerging as a potentially influential demographic in the upcoming election, with insights from former Biden campaigner John Anzalone highlighting their growing strength.

The advocacy group is actively tracking crypto-related statements from political figures, including Donald Trump, who is rated as 'Strongly Supportive' of crypto.

Trump has publicly endorsed the crypto industry, even completing a Bitcoin transaction at a New York bar, while Harris has expressed her support for innovation and clearer regulations for digital assets.

In response to regulatory challenges, Stand With Crypto launched a creator legal fund in collaboration with a16z and OpenSea following the SEC's Wells Notice against OpenSea.

The SEC's regulatory actions have faced criticism for overreach, particularly regarding the classification of digital collectibles as securities.