Columbus
CoinDesk
Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates
Multicoin Capital, one of the largest U.S. investment firms focused on cryptocurrency, is pledging up to $1 million to support Senate candidates with favorable views of the industry. The investment manager plans to financially support four Republican candidates – Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio and Tim Sheehy in Montana – through donations to the conservative super political action committee (PAC) Sentinel Action Fund. How much Multicoin gives depends on the outcome of Sentinel's crypto donation drive. According to the group's website, Multicoin will match 100% of {{SOL}} token donations sent to Sentinel by July 14. Gemini is hosting the group's crypto donations portal and appears to be accepting a variety of tokens, including SOL. "We’re doing this because we realize that political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation," said Multicoin Managing Partner Kyle Samani in a statement.
Crypto for Advisors: Is Crypto Too Volatile?
Bitcoin’s volatility is expected to continue declining with every halving. The next one, scheduled for 2028, will render bitcoin four times as scarce as gold. Increasing retail and institutional adoption of this technology is also bound to decrease volatility structurally over time.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.