Coinbase launches Stand With Crypto advocacy group in Australia
Stand With Crypto expands to Australia “We want to alter the narrative from crypto simply being related to scams and rip-offs. A lack of clearness and sluggish development around crypto policy development is a typical discomfort point cited by lots of national crypto market leaders.In September, Swyftx CEO Jason Titman informed Cointelegraph that would-be entrepreneurs and many investors are “sitting on the sidelines” up until guidelines around the market are clearer. Source: Stand With CryptoIndustry advocates say that the new Congress and a crypto-friendly United States president could help push through pro-crypto legislation like the Financial Innovation and Technology for the 21st Century Act, which is slated for a vote in the Senate after passing in the House.Magazine: ETHSafari brings crypto world to Africa, and Africa to the crypto world
The Coinbase-backed crypto advocacy group Stand With Crypto has actually broadened to Australia as part of a more comprehensive move to promote regulatory clearness and crypto-friendly policy in the nation. Tom Duff Gordon, vice president of global policy at Coinbase, stated the overarching objective of the new spin-off of Stand With Crypto is to bring political attention to the myriad use cases of blockchain and motivate “practical” legislation for crypto firms operating in Australia. Stand With Crypto expands to Australia “We desire to change the story from crypto just being associated with fraud and scams. We wish to reveal individuals the great use cases, and I think if we have that from a bottom-up grassroots movement as well as top-down advocacy, I believe we can raise the profile crypto in Australia,” Duff Gordon said. Tom Duff Gordon speaking at the Stand With Crypto launch event. Source: CointelegraphSpeaking at the occasion, Simon Kennedy, a member of the Australian House of Representatives, stated the crypto industry could expect to see assistance from the Liberal Party in the lead-up to the nations federal election in late 2025. ” I believe you will see the Liberal Party be a big advocate of this sector. I hope it will be bipartisan, however you will see it from us,” Kennedy stated. Australian crypto supporters press for clarityCoinbase Australia managing director John OLoghlen informed Cointelegraph that Stand With Crypto would assist take up the mantle of helping regulators in crafting affordable policy and assisting to make crypto a priority in the Australian regulatory landscape. ” Its truly worrying without the clearness of policy and required signposting, a lot of top talent and young human capital are going to look to start their professions in other places,” said OLoghlen. A lack of clearness and sluggish progress around crypto policy advancement is a common pain point mentioned by many nationwide crypto market leaders.In September, Swyftx CEO Jason Titman told Cointelegraph that prospective entrepreneurs and numerous financiers are “sitting on the sidelines” until regulations around the marketplace are clearer.” Weve also been requesting assistance on … standard lexicon and glossary of terms that would fit into current policy, especially under ASICs province of digital native terms,” Titman stated.” When you recall to the Howey Act and other tests that are implemented overseas, a few of this guideline is 80 to 90 years old and relates to market an orange grove and refers to asset classes and technologies that are quite gotten rid of from modern-day Australia,” added OLoghlen. Related: After United States election wins, the crypto market seeks to the 2026 midtermsCrypto supporters promote clarityStand With Crypto released in Canada on July 12, following a similar rollout in the United Kingdom in May. In the United States, Stand With Crypto lists the pro and anti-crypto declarations numerous potential candidates for federal, state and local offices have actually made. Most recently, it focused much of its efforts on encouraging users to support crypto-friendly prospects in the US elections. The advocacy group reported that more than 280 pro-crypto candidates running for the US House of Representatives and Senate won seats in the 2024 elections. Over 270 Crypto-friendly candidates won a seat in your home and Senate in the 2024 US elections. Source: Stand With CryptoIndustry advocates say that the new Congress and a crypto-friendly US president could assist push through pro-crypto legislation like the Financial Innovation and Technology for the 21st Century Act, which is slated for a vote in the Senate after passing in the House.Magazine: ETHSafari brings crypto world to Africa, and Africa to the crypto world