Base Network has launched Support Crypto, a digital asset fundraising platform, to help industry candidates ahead of the upcoming US elections.
Base, an Ethereum layer 2 solution, will serve as the foundation for a new cryptocurrency donations platform, Support Crypto, ahead of the upcoming U.S. Presidential elections.
However, to enhance industry regulations in Washington, the organization promotes crowdfunding through crypto assets.
Industry executives have advocated for pro-crypto laws in Congress ahead of the upcoming U.S. elections this year.
Base Endorses Crypto Fundraising Platform
Support Crypto which is on the Base Network will allow US politicians and candidates to raise funds ahead of elections.
Users may engage in 100% crypto donations to support their causes, along with minimum information to meet the platform’s requirements.
Moreover, Ethereum (ETH), Bitcoin (BTC), and 240 assets are supported by the platform, which is operated by Engage Raise.
This will assist users in identifying candidates who are crypto-friendly ahead of the upcoming elections, covering parties that exhibit similar efforts.
“Today, the future of digital currencies is being negotiated in Washington D.C. By supporting blockchain-friendly candidates through cryptocurrency, you are championing the future of online currencies. Donate today. Be part of the larger crypto-political movement.”
Also, the platform intends to provide the most effective tools to activists and campaigns that are on the front lines.
About 13 politicians from the United States have enlisted on the platform, including Cynthia Lummis, a pro-crypto candidate.
Jesse Pollak, a Base builder, announced on X (formerly Twitter) that politicians are now able to accept on-chain donations with lower fees than credit cards.
Digital Asset Execs Point to Regulations
Cryptocurrency stakeholders have pushed for pro-industry rules to promote innovation, finance, and inclusion.
Meanwhile, there have been efforts to establish clearer regulations in the lead-up to the US elections.
The Digital Chamber recently sent a letter to Kamala Harris, urging her to adopt a pro-crypto stance unlike Biden, as the campaign intensifies.
This follows the endorsement of Donald Trump by numerous crypto and tech executives, who have expressed their support for the establishment of clear regulations.
As the Securities and Exchange Commission (SEC) continues its regulatory crackdown on crypto firms, US President Joe Biden has been labeled as being at war with the crypto market.