On September 14, Coinbase co-founder and CEO Brian Armstrong announced plans to begin integrating the company’s crypto policy efforts into the app. According to him, this will help the company’s 103 million verified users know where their local political leaders and representatives stand when it comes to cryptocurrency.
1/ Starting today, Coinbase will begin integrating our crypto policy efforts into our app. These help our 103M verified users learn about the crypto space occupied by political leaders where they live. pic.twitter.com/3GqWZIioZQ
— Brian Armstrong (@brian_armstrong) September 14, 2022
Coinbase will rely on some of the data compiled by CryptoActionNetwork (CAN) – a 501(c)(4) organization dedicated to promoting the development and safety of cryptocurrency. Coinbase uses a scorecard compiled by the CryptoActionNetwork, which ranks each member of Congress on their stance on crypto based on their publicly recorded statements and actions. The grading system ranges from “A” to “F”.
According to the CEO Tweets, Coinbase app users can see where members of Congress stand on crypto policy, as well as, register to vote and stay updated with local town hall events. They also described the company’s plan to expand its geographic coverage, and added relevant information to the profiles of candidates running for office.
The CEO shared that, this will “help pro-crypto candidates solicit donations (in crypto) from the crypto community”. He added:
“Crypto advocacy is very important to our mission of economic freedom around the world, and Coinbase will do its part to help. But the crypto community is much bigger than Coinbase – hopefully we can all come together to engage elected leaders and drive smart policies.”
This announcement from the CEO comes less than a month after Coinbase Chief Policy Officer Faryar Shirzad shared in one. Twitter:
“The leaders we elect this November will be the ones making critical decisions about the future of crypto, blockchain and web3 — and your economic freedom.”