According to Foresight News, Web3 payment company MoonPay has donated $1 million to the Stand With Crypto political action committee (PAC), as reported by The Block. Stand With Crypto is a PAC that supports bipartisan politicians in Congress who are friendly towards cryptocurrencies, with the aim of promoting clearer cryptocurrency regulation in the United States.
MoonPay's generous donation is expected to aid the PAC in its mission to foster a more transparent and supportive regulatory environment for cryptocurrencies. The donation underscores MoonPay's commitment to the growth and acceptance of digital currencies in the U.S.
Stand With Crypto is known for its efforts to back politicians from both parties who demonstrate a positive stance towards cryptocurrencies. The PAC believes that clearer regulations will not only benefit the cryptocurrency industry but also protect investors and users.
This donation from MoonPay is a significant contribution to the PAC's cause, and it is expected to help further their efforts in promoting a more favorable regulatory environment for cryptocurrencies in the U.S.
