Coinbase’s CEO explains his plan to move crypto regulation forward.
In a new blog post from the company, Coinbase head Brian Armstrong argues that clear crypto rules should be a nonpartisan issue.
“Coinbase is an apolitical company that deals with issues unrelated to our mission. But when it comes to our mission to advance economic freedom by increasing the adoption of cryptocurrencies, we are deeply involved in policy efforts.”
According to Armstrong, the best thing the 52 million Americans who own crypto can do to keep their crypto is to vote for pro-crypto politicians and vote out those who oppose it.
“This must be a bipartisan effort because passing legislation requires bipartisan support and because an equal percentage of Democrats (22%), Republicans (18%), and Independents (22%) own crypto.”
For their efforts, Armstrong says Coinbase is meeting with anti-crypto figures in an effort to change minds. The CEO says Coinbase does not give special treatment to any one party or political ideology.
In addition to supporting StandWithCrypto.org, Armstrong also announced that the crypto exchange has donated $25 million to Fairshake SuperPAC to help elect pro-crypto politicians.
“As of this writing, Coinbase has donated an additional $25 million to USDC, bringing the total amount raised by Fairshake and its affiliates in this election cycle to $160 million, making it one of the largest SuperPACs.”
Payments company Ripple has also donated $25 million to Fairshake, along with investment giant Anderseen Horowtiz (a16z).
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