Advocacy Group ‘Stand With Crypto’ Says It’s Exceeded 1 Million Signups

Organizers of Stand With Crypto say the advocacy group is driving a wave of crypto-interested voters to change digital asset policy in the US

The organization has raised millions in donations in the roughly 10 months since its founding and has also launched its own political action committee to influence individual races.

Coinbase Inc. Stand With Crypto, a digital asset advocacy group backed by , said Wednesday it signed up its first million members.

The fast-growing online group of crypto supporters keeps notes of US politicians (as Coinbase once did), holds public events to highlight digital assets issues, and recently launched a political action committee (PAC) to communicate directly with candidates. Membership in the organization is as simple as a quick online registration, and the list allows for anonymity, but Chief Strategist Nick Carr said the vast majority provide a physical address.

“One million advocates from state and political circles are sending a clear message to Washington. Crypto is a front-line issue and we have the numbers to back it up,” Carr said in a statement.

The group’s website, launched in August last year, said it had raised millions in donations and aimed to use the money to mobilize US crypto enthusiasts towards political outcomes supporting the technology.

“Stand With Crypto has surpassed its goal of one million Stand With Crypto advocates faster than ever before,” Coinbase CEO Brian Armstrong, who is also among the group’s leading donors, said in a statement. “Exactly five months until the general election, crypto voters are keeping their foot on the gas.”

Read More: Coinbase-Backed Advocacy Group Raises $2 Million from 80,000 by Enlisting Crypto Audiences

The crypto industry has taken an increasingly serious role in political advocacy this year, pouring more than $160 million into a campaign finance effort that rivals major industries (and even political parties’ own congressional war chests). Additionally, the Senate Banking Committee has anonymously endorsed at least one political organization, the Cedar Innovation Foundation, to put pressure on Sen. Sherrod Brown (D-Ohio), who has so far failed to address major crypto legislation.

Two recent industry-backed surveys conducted by Harris Polls found that large numbers of voters are interested in the candidates’ crypto views. In the latest survey, a third of voters said they would consider views on digital assets before deciding on a candidate. However, another survey of swing state voters suggested that as many as 69% had negative views of cryptocurrency.