Venture capital (VC) firm, Multicoin Capital, has recently announced its commitment to support pro-crypto Republican lawmakers with a substantial donation of up to $1 million worth of Solana (SOL) tokens.
The firm aims to bolster the presence of crypto-friendly candidates in the US Senate by matching all donations of Solana tokens to the Sentinel Action Fund.
Solana Donations
In a social media post on Friday, Multicoin Capital announced its special contribution to the Sentinel Action Fund, a political action committee focused on electing candidates who support cryptocurrency.
The company pledged to match all SOL token donations made within the next 10 days up to $1 million. By partnering with the Sentinel Action Fund, Multicoin Capital aims to amplify the impact of donations and provide critical support to pro-crypto Republican candidates.
Under the leadership of Jessica Anderson, the Sentinel Action Fund endorses conservative candidates who advocate for responsible crypto innovation in America. One such candidate is Senator Bill Hagerty, who is recognized as a champion of crypto innovation.