Coinbase and its pro-crypto campaign, what interest?

Regulators continue to put pressure on the crypto industry despite the recovery in 2023. Faced with the threats facing the sector, Coinbase decides to take matters into their own hands and show the advantages of these assets to members of Congress.

A campaign that could change the crypto perspective

Digital assets are not unanimous, however, the collapse of FTX has reinforced the skepticism of politicians towards them. More and more regulators tend to want to control the ecosystem. Faced with this repression, Coinbase, the largest exchange in the world, is doing everything possible to restore its image.

To do this, the company has announcement Tuesday the launch of a pro-crypto campaign. Named crypto435, it aims to allow cryptocurrency enthusiasts to make their opinion known in Washington DC. According to Coinbase, the crypto community has evolved and now rubs shoulders with important spheres. Therefore, it is time to put a stop to the abusive decisions of regulators.

This initiative aims to expand the pro-crypto discussion to all 435 congressional districts. And to avoid disappointment, the exchange will provide weapons to the crypto community to pin down politicians. Among other things, information about the cryptocurrency landscape and local politicians. But also their contact details, as well as their registrations on the crypto policy.

The initiative may not appeal to everyone, but Coinbase CEO Brian Armstrong thinks it will allow every American to have their voice heard. No need to be a seasoned investor, crypto435 is for everyone, since its goal is to educate on the power of digital assets. Pressure from federal regulators, in this case that of the Securities and Exchange Commission, intensifies over time. Over the past month, the SEC has been in the news with its numerous exits against the exchanges.

Given this turn of events, Coinbase believes that only Congress will be able to make a clear decision on the future of the crypto industry. Recall that he has not yet determined the classification of cryptocurrencies, let alone the agencies that should supervise them.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts