US Ranks High in Crypto Awareness and Activity
The United States has seen a significant increase in the use of cryptocurrencies, according to a recent study by Consensys. The study reveals that the US is one of the most crypto-aware and active nations. In fact, one out of every six US citizens has either been involved with or is currently involved with cryptocurrencies. If you are a resident of the US, there is a way for you to help shape crypto-friendly laws by working with Coinbase.
How to Influence Your Senator’s Vote on Crypto Laws
The lack of clear policies surrounding cryptocurrencies has been a challenge for their growth in the US. Additionally, some authorities are considering anti-crypto policies that could have a negative impact on the industry. To combat this, Coinbase and its CEO Brian Armstrong have been actively advocating for positive policies. Coinbase recently launched a grassroots campaign to promote laws that provide regulatory clarity for the crypto sector.
52M Americans own crypto. They’re younger & more diverse than the US population in total. But their voices aren’t being heard by Congress.
That’s about to change.
Here’s what we’re doing—and what you can do to help mobilize 1M people to #StandWithCrypto: https://t.co/stmH0WVUhO
— Coinbase (@coinbase) September 19, 2023
Coinbase believes that there are approximately 52 million crypto owners in the US. By mobilizing a large number of these owners to participate in their campaign, Coinbase hopes to achieve regulatory clarity for the industry. The exchange has also organized a “fly-in” event where executives and developers from various crypto startups will meet with workers and legislators on Capitol Hill.
Coinbase’s Efforts to Influence Crypto Laws in Four States
Last month, Coinbase launched a non-profit organization called Stand With Crypto to advocate for pro-crypto policies. The organization is focusing its campaign on four swing states: Ohio, Pennsylvania, New Hampshire, and Nevada. These states were identified as having a lower likelihood of supporting anti-crypto presidential candidates. Coinbase is also targeting other states such as Arizona, California, Georgia, Illinois, and Wisconsin.
In conclusion, joining Coinbase’s advocacy campaign is an opportunity for US residents to contribute to the creation of better crypto laws in the country.
Hot Take: Taking Action for Crypto-Friendly Laws
As cryptocurrencies continue to gain popularity in the US, it is crucial to ensure that regulatory policies support their growth. Coinbase’s grassroots campaign and advocacy efforts aim to mobilize crypto owners and supporters to make their voices heard by Congress. By participating in this movement, you can help shape the future of the crypto industry and contribute to the development of clear and sensible legislation. Together, we can create a more crypto-friendly environment that benefits both individuals and businesses.
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