Get out the vote
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Investment firm Multicoin Capital is matching donations to a get-out-the-vote effort for pro-cryptocurrency conservatives up to $1 million.
Why it matters: It shows leaders in the cryptocurrency space working to stimulate grassroots action among other cryptocurrency investors.
Contributions need to be made in assets on the Solana blockchain by July 15.
- Sentinel Action Fund is a conservative non-profit devoted to turning out voters in U.S. Senate races.
- On its website, it shows four endorsements: in Nevada, Pennsylvania, Ohio and Montana — all challengers, all GOP.
What they're saying: Multicoin cofounder Kyle Samani announced the initiative Friday, saying, "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."
Flashback: Multicoin was one of the funds most closely associated with the Sam Bankman-Fried empire, particularly by enthusiastically supporting his chosen blockchain, the blockchain designed primarily for speed, Solana.
- While it suffered doubt and frustration from its LPs after FTX's collapse carried the Solana ecosystem down with it for a time, its prices have come roaring back, again trading in a similar range to 2021.
