Coinbase Goes All-In: New Initiative Aims To Influence Crucial Legislative Decisions

Coinbase, the prominent US-based cryptocurrency exchange, announced the launch of the Stand with Crypto Alliance, an advocacy organization aimed at mobilizing the crypto community to participate in legislative processes actively.

Per the announcement, the Alliance intends to drive clear and sensible regulation to secure the future of cryptocurrencies in America.

Coinbase-backed Advocacy Organization

With over 50 million Americans holding digital assets, the Stand with Crypto Alliance recognizes the growing influence and size of the crypto community, which extends beyond the reach of Coinbase alone.

By leveraging blockchain technology, the Alliance aims to organize the community into a “powerful voice” advocating for policies that modernize the financial system and promote economic empowerment.

The Stand with Crypto Alliance distinguishes itself as the nation’s first independent and on-chain advocacy organization, providing a launch pad for the decentralized crypto community to engage with lawmakers.

According to Coinbase, it represents a true grassroots movement within the crypto space, capitalizing on recent bipartisan legislative momentum in Congress.

The primary goal of the Alliance is to urge Congress to take decisive action and enact “common-sense” legislation that protects consumers and their right to engage with cryptocurrencies.

It seeks to hold lawmakers accountable during the upcoming fall session when important crypto-related votes are expected.

The urgency stems from the realization that the future of crypto in America is at risk. Despite nearly a quarter of American adults owning cryptocurrencies, lawmakers have long postponed the establishment of clear regulatory frameworks.

Per the announcement, this delay has allowed “unelected” regulators to “operate without proper oversight”, potentially undermining the nation’s economic security and impeding its leadership in innovation.

Coinbase suggests that the consequences include the loss of thousands of jo

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Author: Ronaldo Marquez

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