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Top US crypto exchange Coinbase is launching a 14-month lobbying effort to convince D.C. lawmakers to pass clearer regulations for digital assets.<\/p>\n
According to a new blog post, Coinbase\u2019s \u201cStand With Crypto\u201d initiative includes several strategies, such as calling<\/a> on the tens of millions of Americans who own digital assets to contact their representatives and advocate for pro-crypto laws.<\/p>\n \u201cWe\u2019re asking more than 52 million crypto owners and advocates to use their voices to stand with crypto. The Stand with Crypto Alliance is doing this through a 14-month-long campaign that will have three elements: <\/em><\/p>\n 1. Leveraging the Coinbase platform to mobilize crypto owners into single-issue crypto advocates. Since Stand with Crypto was formed just a few weeks ago, more than 100,000 people have already taken action via Stand with Crypto\u2019s decentralized app (which can be accessed through the Coinbase app). <\/em><\/p>\n 2. A comprehensive paid media campaign across all platforms, including the launch today of digital and outdoor advertisements in Washington, D.C. to showcase what will be distributed nationally. <\/em><\/p>\n 3. The campaign will have a specific focus on nine key states that also over-index when it comes to the number of crypto owners, including on-the-ground organizing with full-time field organizers, in key states. Over the last several weeks, Stand with Crypto has hosted successful events in Ohio, Nevada, Georgia and Montana, that have road-tested the capacity to organize crypto advocates. <\/em><\/p>\n The overall mobilization effort of the 52 million Americans who own crypto will include an intense focus on the following states: AZ, CA, GA, IL, NH, NV, OH, PA, and WI. While we will share more on the individual states, in Georgia we will seek to build a club of crypto of at least 11,779 members.\u201d <\/em><\/p>\n In June, the U.S. Securities and Exchange Commission (SEC) sued<\/a> Coinbase for allegedly \u201coperating as an unregistered securities exchange, broker, and clearing agency.\u201d The case is ongoing.<\/p>\n Coinbase said in a recent blog post<\/a> that the SEC is taking an enforcement-only approach to the crypto space and that is \u201ccosting the US millions of jobs and pushing opportunity offshore.\u201d<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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