New Political Action Committee Emerges to Support Crypto-Friendly Lawmakers Ahead of Elections
New DeFi entrant widens field of crypto political campaign funds as elections loom
Image: Coindesk
The newly formed Defend Developers PAC aims to support incumbent politicians advocating for legal protections for crypto developers. Founded by Gavin Zavatone, the PAC plans to contribute over six figures across key midterm races, joining other crypto-focused PACs like Fairshake.
- 01Defend Developers PAC is a new hybrid political action committee focused on supporting lawmakers who advocate for crypto legal protections.
- 02The PAC plans to raise and contribute over six figures to key races in the upcoming midterm elections.
- 03Gavin Zavatone, the PAC's founder, also serves as the policy lead at the DeFi Education Fund.
- 04The PAC's board includes members from Uniswap Labs, the DeFi Education Fund, and the Solana Policy Institute.
- 05Unlike larger PACs like Fairshake, Defend Developers PAC is expected to operate on a smaller scale but aims to build political infrastructure for blockchain technology.
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The Defend Developers PAC, a new political action committee, has been established to support incumbent lawmakers who advocate for legal protections for crypto developers and decentralized finance (DeFi) projects. Founded by Gavin Zavatone, who also leads policy at the DeFi Education Fund, the PAC aims to raise and contribute over six figures across various key races in the upcoming midterm elections. As a hybrid PAC, it can make direct contributions to candidates while also channeling unlimited corporate contributions into independent advertisements. Although it won't rival larger PACs like Fairshake, which has a significant track record in political contributions, Defend Developers seeks to create a supportive political environment for blockchain technology. The board includes members from notable organizations such as Uniswap Labs and the Solana Policy Institute. The upcoming elections present a critical opportunity for the PAC to influence the political landscape in favor of crypto-friendly legislation.
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The Defend Developers PAC's contributions could influence the election outcomes for lawmakers who support crypto-friendly legislation.
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