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 four swing states targeted by Coinbase's crypto lobbying campaign?

Coinbase's crypto lobbying campaign is focusing on four key swing states: New Hampshire, Nevada, Ohio, and Pennsylvania. These states were selected 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 concentrating efforts in these states, Coinbase aims to mobilize crypto users to advocate for favorable legislation.

How does Coinbase plan to engage crypto owners in its lobbying campaign?

Coinbase intends to activate crypto owners through its "Stand With Crypto" campaign, which encourages individuals to contact their congressional representatives. The campaign emphasizes the importance of clear and practical legislation for the cryptocurrency industry. Additionally, Coinbase is organizing a "Stand with Crypto Day" in Washington D.C. to further rally support and raise awareness about the need for better cryptocurrency policies.

Why is Coinbase focusing on swing states for its lobbying efforts?

Coinbase is focusing on swing states because polling indicates that voters in these areas are less likely to support anti-crypto candidates. In particular, the data shows that more than 55% of voters in New Hampshire, Nevada, Ohio, and Pennsylvania favor pro-crypto legislation. By targeting these states, Coinbase aims to influence the political landscape and promote a more favorable environment for cryptocurrency innovation.

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

Coinbase expects its lobbying campaign to significantly impact the legislative landscape regarding cryptocurrency in the targeted swing states. By mobilizing crypto owners and advocating for supportive policies, Coinbase aims to create a more favorable regulatory environment for the industry. The campaign's success could lead to clearer regulations that benefit both consumers and businesses involved in cryptocurrency.

What actions can crypto owners take to support Coinbase's lobbying campaign?

Crypto owners can support Coinbase's lobbying campaign by actively reaching out to their members of Congress and urging them to pass pro-crypto legislation. Participating in events like "Stand with Crypto Day" in Washington D.C. is another way to show support and raise awareness. Additionally, staying informed about the campaign's progress and sharing information within their networks can help amplify the message and encourage broader participation.