On September 14, Coinbase co-founder and CEO Brian Armstrong announced the company’s plans to begin integrating crypto policy efforts into its app. According to him, this will help the company’s 103 million verified users know where their local political leaders and representatives stand in terms of cryptocurrencies.
1/ Starting today, Coinbase will begin integrating our crypto policy efforts directly into our app. These will help our 103M verified users get educated on crypto positions held by political leaders where they live. pic.twitter.com/3GqWZIioZQ
— Brian Armstrong (@brian_armstrong) 14 September 2022
Coinbase will rely on certain data compiled by CryptoActionNetwork (CAN) – a 501(c)(4) organization dedicated to promoting the development and security of cryptocurrencies. Coinbase will use a scorecard put together by the CryptoActionNetwork that grades each member of Congress on their stance on crypto based on publicly recorded statements and actions regarding crypto policy. The grading system ranges from “A” to “F”.
according to the CEO TweetsCoinbase app users will be able to see where members of Congress stand on crypto policy, as well as register to vote and stay up to date with local town hall events. He also articulated the company’s plans to expand geographic coverage, and added relevant data to the profiles of candidates running for office.
The CEO shared that, it will “help pro-crypto candidates solicit donations from the crypto community (in crypto).” He added:
“Crypto advocacy 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 – hopefully we can all get elected leaders involved and adopt sensible policies. Can rally to run.”
The CEO’s announcement comes less than a month after it was shared by Coinbase’s Chief Policy Officer, Faryar Shirzad. Tweet,
“The leaders we choose this November will be making important decisions about the future of crypto, blockchain and Web3 – and about your economic freedom.”
