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
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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 opposing crypto and Web3 technologies. By concentrating efforts in these areas, Coinbase aims to mobilize crypto owners and 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 campaign aimed at promoting crypto legislation. The initiative encourages crypto owners to contact their members of Congress to advocate for clear and practical regulations. Additionally, Coinbase will host a "Stand with Crypto Day" in Washington, D.C., to further rally support for cryptocurrency innovation and policy reform.
Why are swing states important for the Coinbase crypto lobbying campaign?
Swing states are crucial for the Coinbase crypto lobbying campaign because they often determine election outcomes and have a significant number of crypto owners. In the identified states, polling shows that a majority of voters are less likely to support anti-crypto candidates, making them strategic targets for advocacy efforts. By focusing on these areas, Coinbase hopes to amplify the voices of crypto supporters and influence legislative decisions.
What impact does the Coinbase lobbying campaign aim to achieve?
The Coinbase lobbying campaign aims to create a more favorable regulatory environment for cryptocurrency by influencing lawmakers in key swing states. By mobilizing the 52 million Americans who own crypto, the campaign seeks to ensure that their concerns are heard in Congress. Ultimately, Coinbase hopes to establish clear and supportive legislation that fosters innovation in the crypto space.
How can individuals participate in the Coinbase lobbying campaign?
Individuals can participate in the Coinbase lobbying campaign by reaching out to their congressional representatives and urging them to support pro-crypto legislation. Coinbase encourages crypto owners and supporters to make their voices heard by contacting lawmakers directly. Additionally, participating in events like "Stand with Crypto Day" can help amplify the message and demonstrate widespread support for cryptocurrency initiatives.