The crypto advocacy group Stand With Crypto, launched by Coinbase, has established a political action committee (PAC) for the U.S. elections to support crypto-friendly politicians

ChainCatcher news, according to The Block, the crypto advocacy group Stand With Crypto initiated by Coinbase has launched a lobbying organization PAC (Political Action Committee) for the U.S. elections, raising funds from its 440,000 members to support pro-cryptocurrency politicians.

It is reported that the raised funds will be used to support bipartisan candidates running for the House and Senate in the November U.S. elections.