Multicoin Capital is one of the biggest U.S. investment companies focused on cryptocurrency. The firm has pledged up to $1,000,000 to support Senate candidates who have a positive view of the industry.

The investment manager will financially support four Republican Candidates – Sam Brown, David McCormick, Bernie Moreno, and Tim Sheehy – by donating to the conservative super political activity committee (PAC), Sentinel Action Fund.

The amount Multicoin donates depends on Sentinel’s crypto donation campaign. SOL Price Index and Live Chart – CoinDesk”>(SOL) token donations sent to Sentinel by July 14. Gemini hosts the group’s crypto donation portal, which appears to accept a variety tokens including SOL.

Multicoin’s Managing Partner Kyle Samani said in a press release that “we are doing this because we understand the importance of political engagement, which begins with supporting candidates who support America remaining free for innovation.”

Multicoin, as well as Samani Jain and Tushar Jains, have supported crypto candidates in the past on a bipartisan level. A person familiar with Multicoin’s thinking says that this is not changing, even though Sentinel is a conservative organization.

The person stated that Multicoin had identified Sentinel’s alignment with its crypto-interests by the specific candidates it was backing in this cycle. The four republicans that Sentinel supports all received “A” ratings by the Coinbase-led crypto advocacy organization Stand With Crypto.

The opponents of these candidates are not all as critical of crypto currency, like Elizabeth Warren. She is a Massachusetts senator who was vilified by the crypto community for her rhetoric about hosting an “anticrypto army.” Stand With Crypto rates three of the four candidates as “neutral,” or higher, while Ohio Senator Sherrod brown receives an “F.”

The person stated that Multicoin’s executives are still eager to invest in races which could turn the Senate over to the Republicans. This would change the balance of powers in key areas such as agency appointments and the courts, where crypto companies interact with the federal government.

Read more: Crypto Giants Notch wins in expensive quest to sway U.S. Politics without Mentioning Crypto

Tech rollout

The matching pledge is a high-profile demonstration of Dialects’ recently launched ” Blink“, which allows users of X to execute Solana transactions on the chain using their social media posts.

Blink allows Solana users the option to donate through X, formerly Twitter. People familiar with the situation said that it will also prompt donors to complete required Federal Election Commission paperwork.

Nikhilesh De.