Future Forward PAC to accept crypto donations via Coinbase Commerce

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The Block2024/09/03 16:00

By:The Block

Quick Take The Future Forward is among the top Democratic and liberal-leaning PACs, having raised a total of $164 million in funding, according to OpenSecrets.

The Future Forward political action committee (PAC) has onboarded with Coinbase Commerce to accept cryptocurrency donations, a Coinbase spokesperson told The Block.

Future Forward is among the top Democratic and liberal-leaning PACs by amount raised, totaling around $164 million as of Sept. 4, according to OpenSecrets. It was initially supporting President Joe Biden's campaign before he dropped out of the race and is now funding Vice President Kamala Harris' effort.

Coinbase Commerce is a payment platform that instantly settles transactions and supports a broad range of assets. The platform automatically converts the users chosen currency into the stablecoin USDC to reduce volatility, according to its website.

As of September, Coinbase Commerce accepts ApeCoin, Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether and USDC, in addition to supporting MATIC, USDC, and Wrapped Ether (WETH) on Polygon.

The Trump campaign adopted Coinbase Commerce to accept crypto donations in May, and the Biden campaign was in talks of doing so as well, The Block previously reported.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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