Key Takeaways
- Mining execs launch Bitcoin Voter Project to influence crypto voters.
- The project is nonpartisan and aims to educate voters about Bitcoin.
- Bitcoin Voter Project has $5 million for research and voter education.
Executives from some of the largest cryptocurrency mining companies in the U.S. have launched a nonprofit organization, the Bitcoin Voter Project, to educate voters about Bitcoin.
Jayson Browder of Marathon Digital Holdings, alongside executives from Riot Platforms and CleanSpark, are the board members of this initiative, registered as a 501(c)(4) organization.
Nonpartisan
Unlike political action committees (PACs), a 501(c)(4) organization cannot primarily support one candidate or political party. The project’s goal is to engage and educate voters about Bitcoin and eventually support lawmakers and policies favorable to digital assets. Browder emphasized the group’s nonpartisan nature, aiming to reach voters unaware of cryptocurrencies like Bitcoin.
The Bitcoin Voter Project emerged shortly after executives from Marathon, CleanSpark, TeraWulf, and Riot met with former President Donald Trump. Browder clarified that the timing was coincidental, as the project had been in development for a long time.
$5 million allocation
With approximately $5 million allocated for research and voter education, the project plans to mobilize voters to support candidates endorsing digital assets. This approach differs from initiatives like Coinbase’s Stand With Crypto PAC, which directly supports specific candidates and legislation.
The Bitcoin Voter Project has already received support from notable crypto advocacy groups, including the Chamber of Digital Commerce and the Texas Blockchain Council. As of June 14, the group reported hundreds of sign-ups.
President Biden and Trump are set to debate on June 27, their first face-to-face meeting since the 2020 election, with other candidates like Independent Robert F. Kennedy Jr. and Libertarian Chase Oliver also in the 2024 race.
