On Sept. 14, Coinbase co-founder and CEO Brian Armstrong announced the company’s plans to begin integrating crypto policy efforts into its app. According to Armstrong, this will help the company’s 103 million verified users know where their local political leaders and representatives stand when it comes to cryptocurrencies.
1/ Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live. pic.twitter.com/3GqWZIioZQ
— Brian Armstrong (@brian_armstrong) September 14, 2022
Coinbase will rely on some of the data collected by the CryptoActionNetwork (CAN), a 501(c)(4) organization dedicated to promoting the growth and safety of cryptocurrency. Coinbase will use a sort of ranking put together by the CryptoActionNetwork that will rate each member of Congress on their stance on cryptocurrencies, based on their publicly recorded statements and actions regarding cryptocurrency policy. The grading system goes from “A” to “F”.
According to tweets From the CEO, users of the Coinbase app will be able to see where members of Congress stand on cryptocurrency policy, register to vote, and stay up to date with local political events. He also expressed the company’s plans to expand geographic coverage, and also add relevant data to the profiles of candidates running for public office.
The CEO shared that, this “will help pro-crypto candidates solicit crypto donations from the community.” And he added:
“Defending cryptocurrencies is very important to our mission to increase economic freedom in the world, and Coinbase will do its part to help. But the crypto community is much bigger than Coinbase; we hope we can all come together to engage leaders.” elected officials and push sensible policies.
This CEO announcement comes less than a month after Coinbase Chief Policy Officer Faryar Shirzad shared in a Tweet the next:
“The leaders we elect this November will be the ones making critical decisions about the future of cryptocurrency, blockchain and web 3.0, and about your economic freedom.”
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