Coinbase crypto lobbying campaign to focus on 4 swing states

Source: Morning ConsultCoinbase likewise mentioned that in Nevada, Ohio and Pennsylvania, more than 40% of crypto owners use blockchain to remit cash abroad to assist family members pay for food, housing and healthcare for far less than what banks normally charge with international wire transfers.Coinbase attempts to activate crypto usersThe crypto exchanges Stand With Crypto project is a 14-month-long campaign introduced in August, pushing for crypto legislation in the country. Coinbase said the project will focus on the 4 swing states, as well as Arizona, California, Georgia, Illinois and Wisconsin, which have an “over-index” regarding crypto owners. Coinbase is likewise set to organize a “Stand with Crypto Day,” which will take location in Washington, D.C., on Sept. 27 to advocate for much better cryptocurrency innovation and policy.Related: Coinbase CEO states leaving United States not even in the realm of possibility right now– Report The campaign will also call on crypto owners and supporters to call their members of Congress and ask them to pass clear, practical legislation.

Crypto exchange Coinbase states it will focus its “Stand with Crypto” project on nine states in the United States, including 4 “swing states” where voters were surveyed as less likely to pick anti-crypto governmental candidates.The four swing states are New Hampshire, Nevada, Ohio and Pennsylvania, it stated in a Sept. 19 blog. “Polling in the fall of 2022 showed that in the crucial states of NH, NV, OH, and PA, over half (55%) of citizens specified that they would be less likely to vote for candidates who oppose crypto and Web3,” stated Coinbase, citing study data collected in a Morning Consult survey in 2022. 52M Americans own crypto. Theyre younger & & more diverse than the US population in overall. But their voices arent being heard by Congress.Thats about to change.Heres what were doing– and what you can do to help set in motion 1M people to #StandWithCrypto: https://t.co/stmH0WVUhO— Coinbase (@coinbase) September 19, 2023

Other Questions People Ask

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

The Coinbase crypto lobbying campaign will focus on four swing states: New Hampshire, Nevada, Ohio, and Pennsylvania. These states were identified based on polling data indicating that over half of voters would be less likely to support candidates who oppose cryptocurrency and Web3 technologies. This strategic focus aims to mobilize crypto owners in these regions to advocate for favorable legislation.

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

Coinbase plans to engage crypto users through its "Stand With Crypto" project, which is a 14-month-long campaign aimed at promoting supportive legislation. The campaign encourages crypto owners and supporters to contact their members of Congress to advocate for clear and practical crypto regulations. Additionally, Coinbase will host a "Stand with Crypto Day" in Washington, D.C., to further galvanize support for cryptocurrency innovation.

Why is the Coinbase lobbying campaign significant for swing states?

The Coinbase lobbying campaign is significant for swing states because these regions have a high percentage of crypto owners who actively use blockchain technology for financial transactions. In states like Nevada, Ohio, and Pennsylvania, many crypto users rely on these services for remittances, which highlights the economic impact of cryptocurrency. By focusing on these states, Coinbase aims to influence legislative outcomes that could benefit millions of American crypto owners.

What actions can supporters take to help the Coinbase lobbying campaign?

Supporters can take action by participating in the "Stand With Crypto" campaign and reaching out to their congressional representatives. Coinbase encourages individuals to express their views on the importance of cryptocurrency legislation and how it affects their lives. By mobilizing a collective voice, supporters can help ensure that lawmakers understand the significance of crypto ownership and its potential benefits.

What is the overall goal of the Coinbase crypto lobbying campaign?

The overall goal of the Coinbase crypto lobbying campaign is to advocate for clear and supportive legislation regarding cryptocurrency in the United States. By focusing on swing states where voters are less likely to support anti-crypto candidates, Coinbase aims to shift political attitudes and encourage lawmakers to embrace innovative financial technologies. This initiative seeks to empower the 52 million Americans who own crypto and ensure their voices are heard in Congress.