Stand With Crypto: Identifying Crypto-Supportive Legislators in America

Stand With Crypto: Coinbase Launches Campaign to Advocate for Crypto Industry

Coinbase, the second-largest cryptocurrency exchange, has launched the Stand With Crypto Alliance, a campaign aimed at identifying elected representatives in the United States who are supportive of the crypto and blockchain industry. The campaign website provides visitors with information about politicians’ stance on crypto and encourages them to contact their representatives in Congress to advocate for the industry.

Main Breakdowns:

Coinbase launches Stand With Crypto Alliance to pressure US politicians
The campaign website labels lawmakers based on their support for the industry
Elizabeth Warren receives a “Strongly against” rating for her anti-crypto stance
Representatives Josh Gottheimer and Ritchie Torres receive high ratings for their support of the industry
Coinbase aims to influence regulation around digital assets amid legal challenges

Elizabeth Warren, a Democratic senator from Massachusetts, has been labeled as “Strongly against” due to her anti-crypto stances. However, she has previously advocated for a digital currency backed by the Federal Reserve. On the other hand, representatives Josh Gottheimer and Ritchie Torres, both Democrats, have received high ratings for their support of the industry. Gottheimer has sponsored initiatives for the blockchain industry, while Torres believes crypto can help immigrants avoid exploitation.

While the campaign website provides rankings for some politicians, those without enough data are not given a rating. Coinbase’s Stand With Crypto campaign aims to have an impact on the regulation of digital assets, especially as the exchange is currently facing legal action by the Securities and Exchange Commission for alleged securities law violations.

Hot Take:

Coinbase’s Stand With Crypto campaign is a strategic move to mobilize support for the crypto industry and influence regulatory decisions. By highlighting politicians’ stances on crypto, the campaign aims to engage crypto enthusiasts and empower them to advocate for the industry. It is interesting to see the varying positions of politicians, with Elizabeth Warren standing strongly against crypto and representatives Gottheimer and Torres being highly supportive. This campaign underscores the importance of political engagement to shape the future of cryptocurrencies.