Coinbase crypto lobbying campaign to focus on four swing states

Source: Morning ConsultCoinbase likewise cited that in Nevada, Ohio and Pennsylvania in particular, more than 40% of crypto owners use blockchain to remit money abroad to help family members pay for health, food and real estate care for far less than what banks normally charge with global wire transfers.Coinbase attempts to activate crypto usersThe crypto exchanges “Stand With Crypto” campaign is a 14-month-long campaign launched in August, pressing for crypto legislation in the country. Coinbase said the campaign will focus on the four “swing states” as well as Arizona, California, Georgia, Illinois, and Wisconsin, which have an “over-index” when it comes to crypto owners. Coinbase is likewise set to organize a “Stand with Crypto Day” will take place in Washington D.C. on Sept. 27 to advocate for much better cryptocurrency innovation and policy.Related: Coinbase CEO says leaving United States not even in the realm of possibility right now– Report The campaign will likewise call on crypto owners and fans to call their members of Congress and ask them to pass clear, practical legislation.

Crypto exchange Coinbase says it will focus its “Stand with Crypto” campaign on nine states in the U.S., including four “swing states” where citizens were polled as less most likely to choose anti-crypto presidential candidates.The 4 “swing states” consist of New Hampshire, Nevada, Ohio, and Pennsylvania, it said in a Sept. 19 blog. “Polling in the fall of 2022 revealed that in the crucial states of NH, NV, OH, and PA, over half (55%) of voters specified that they would be less most likely to vote for prospects who oppose crypto and Web3,” said Coinbase, citing study information collected in a Morning Consult survey a year prior.

Other Questions People Ask

What are the key states in Coinbase's crypto lobbying campaign?

Coinbase's crypto lobbying campaign is focusing on four critical swing states: New Hampshire, Nevada, Ohio, and Pennsylvania. These states were identified based on polling data indicating that over half of voters in these areas would be less likely to support candidates who oppose cryptocurrency and Web3 technologies. By targeting these states, Coinbase aims to mobilize crypto owners and advocate for favorable legislation that supports the industry.

How does Coinbase plan to engage crypto users in its lobbying efforts?

Coinbase plans to engage crypto users through its "Stand With Crypto" campaign, which encourages individuals to contact their members of Congress. The campaign emphasizes the importance of clear and practical legislation for cryptocurrency innovation. Additionally, Coinbase is organizing a "Stand with Crypto Day" in Washington D.C. to rally support and raise awareness about the need for better policies in the crypto space.

Why are swing states important for Coinbase's lobbying campaign?

Swing states are crucial for Coinbase's lobbying campaign because they often determine the outcome of elections and can influence national policy. In the context of cryptocurrency, these states have shown a significant percentage of voters who are supportive of crypto initiatives. By focusing on swing states like New Hampshire, Nevada, Ohio, and Pennsylvania, Coinbase aims to sway public opinion and encourage lawmakers to adopt pro-crypto legislation.

What impact does Coinbase expect from its lobbying campaign in swing states?

Coinbase expects its lobbying campaign to create a more favorable environment for cryptocurrency legislation in the targeted swing states. By mobilizing crypto owners and leveraging polling data that shows voter support for pro-crypto candidates, Coinbase aims to influence legislative decisions. The campaign's success could lead to clearer regulations that benefit both consumers and the broader crypto industry.

How can individuals participate in Coinbase's "Stand With Crypto" campaign?

Individuals can participate in Coinbase's "Stand With Crypto" campaign by reaching out to their congressional representatives and advocating for supportive crypto legislation. Coinbase encourages crypto owners to share their experiences and the benefits of using blockchain technology. Additionally, participating in events like "Stand with Crypto Day" can amplify their voices and demonstrate the collective demand for better policies in the cryptocurrency sector.