Gold Finance reported that the Chief Strategy Officer Nick Carr stated that the advocacy group Stand With Crypto, supported by Coinbase, is entering the realm of campaign finance by setting up its own Political Action Committee (PAC). The PAC's initial supporters will include five candidates seeking vacant seats in the US House of Representatives and Senate, but funding is still pending. Stand With Crypto's efforts represent an "affiliated PAC," meaning it is supported by members of the nonprofit organization, each of whom is limited to a donation of $5,000.