Key points:
- According to OpenSecrets, The Future Forward is among the top Democratic and liberal-leaning PACs, having raised a total of $164 million in funding.
- A spokesperson told The Block that the company will accept crypto donations to help fund Vice President Kamala Harris’s run for office.
Future Forward PAC has partnered with Coinbase Commerce to accept Coinbase Commerce donations in cryptocurrency, converting them to USDC to support Kamala Harris’ campaign for added stability.
Future Forward PAC, one of the leading Democratic political action committees, has begun accepting cryptocurrency donations through Coinbase Commerce, totalling around $164 million by amount raised as of Sept. 4, according to OpenSecrets.
Initially supporting Joe Biden’s re-election campaign, the PAC now supports Vice President Kamala Harris’ campaign. The Coinbase platform streamlines transactions by automatically converting the user’s chosen cryptocurrency into the USDC stablecoin, reducing the volatility risk.
Read more: Polymarket Election Odds Show Harris Slipping to 47% as Trump Gains
Expanding Political Use of Coinbase Commerce Donations
Future Forward’s use of Coinbase Commerce mirrors the Trump campaign’s earlier adoption of the platform for cryptocurrency donations. As of September, the platform accepts popular cryptocurrencies like Bitcoin, Ethereum, ApeCoin, and Dogecoin.
While Fortune reported that Harris’s campaign would accept cryptocurrency donations, it has since clarified that Future Forward is accepting donations on behalf of the campaign, not Harris directly.
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Source: https://coincu.com/281285-future-forward-pac-coinbase-commerce-donations