Cryptocurrency

Coinbase Launches Voter Registration Tool To Support “Crypto-Forward Policymakers"

Encouraging its entire user base to prioritize their education on crypto-specific political discussions, while providing them with access to vote in support of lobbying for crypto legislation.

Cryptocurrency

Coinbase Launches Voter Registration Tool To Support “Crypto-Forward Policymakers"

Encouraging its entire user base to prioritize their education on crypto-specific political discussions, while providing them with access to vote in support of lobbying for crypto legislation.

Coinbase unveiled its new voter registration tools on Friday, August 26, as part of the platform’s ongoing efforts to expand its educational resources.

Ahead of this year’s impending U.S. midterm elections, Coinbase wants to ensure that all its users are as up to date as possible on the latest regulatory discussions by policymakers, including pending legislation that will influence crypto’s future.

The world’s largest crypto exchange believes that the upcoming polls and designations will be crucial in shaping the development of crypto and our push towards Web3. By engaging its customers/user-base in present-day politics, the platform’s new resources seek to reduce the political process’s barriers including voting accessibility.

“Today, more than ever, crypto and Web3 are cemented as topics of public interest and the political debate,” said Faryar Shirzad, Coinbase’s Chief Policy Officer in a blog post.

“Political candidates are talking about them, the public is interested in them, and the crypto community wants to help shape them. This is especially true as we approach the 2022 midterm elections in the United States,” he added.

Lawmakers have continued to push several forms of (bi-partisan) regulation in efforts to better understand how technologies, including blockchain and stablecoins will operate in our economy. To date, Congress has faced more than 50 crypto-related bills.

According to the announcement, Coinbase’s tools will inform its consumers on the running candidates, issues, and debates that continue to impact the overall crypto market. Coinbase CEO Brian Armstrong expressed his opinion in June that bitcoin could become the global reserve currency, signaling the firm’s optimistic attitude toward crypto’s greater possibilities.

“We don’t regularly talk about politics here at Coinbase, but we’ve always said that we will engage in the political process at moments when it relates to our mission of increasing economic freedom in the world,” Shirzad emphasized in the blog post.

Moving away from its historically quiet stance on political issues, Coinbase states that now is the time to get involved in forming an open financial system – promoting economic independence and liberty across the globe.

The crypto exchange has been in the midst of the industry’s first-ever crypto insider trading scheme, which charged the exchange’s former product manager with fraud and insider trading.

In other crypto news, Ethereum puts a $1M USD bounty up for grabs.

You may also like

What is Coinbase's TRUST and Why PayPal Is Onboard
Cryptocurrency

What is Coinbase's TRUST and Why PayPal Is Onboard

PayPal joins the TRUST Network as part of the financial industry’s Travel Rule compliance.
Former Coinbase Employee Pleads Not Guilty to Insider Trading
Cryptocurrency

Former Coinbase Employee Pleads Not Guilty to Insider Trading

Bail for the former project manager and his brother has been set at $1 million USD each.
Former Coinbase Exec Charged With Insider Trading By SEC and DOJ
Cryptocurrency

Former Coinbase Exec Charged With Insider Trading By SEC and DOJ

In the first-ever charge of its kind in crypto.
Can Singapore's Recent Regulations Support Its Digital Asset Goals?
Cryptocurrency

Can Singapore's Recent Regulations Support Its Digital Asset Goals?

Focusing on institutional crypto investments amid laying down laws for retail investors.
More ▾