Multicoin Capital Announces $1M Match For Pro-Crypto Senate Candidates In Solana Donations

In a bid to support pro-crypto candidates in the upcoming U.S. Senate elections, crypto investment firm Multicoin Capital announced Friday it will match donations made in Solana SOL/USD tokens to the Sentinel Action Fund up to $1 million over the next 10 days.

“Over the next 10 days, Multicoin Capital will match all SOL donations to Sentinel Action Fund up to $1 million in value,” Multicoin Capital partner Kyle Samani said.

The Sentinel Action Fund (SAF) is a political action committee (PAC) dedicated to electing pro-crypto candidates to the U.S. Senate.

Under the help of Jessica Anderson, the SAF’s focus is on backing conservative candidates who advocate for responsible crypto innovation in America.

Multicoin Capital's matching initiative is designed to amplify the impact of contributions.

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This initiative aims to double the impact of each contribution, supporting the Sentinel Action Fund's mission to increase the number of pro-crypto senators like Senator Bill Hagerty (R-TN) .

Highlighting the importance of political engagement, Samani stated, “We realize that political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation.”

He emphasized the need for elected leaders who understand the crypto industry and can advocate for good legislation, policy results, and agency nominees.

Donations can be made through the SAF's website, and the process has been simplified using a new donation tool called Blink, created by SayDialect.

“Blinks lets you donate directly from X. If you have a Backpack wallet, you can use this Blink today. Support for Phantom wallets should be in the next release,” explained Samani.

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