The CEO of Coinbase has unveiled his strategy to advance crypto regulation in a completely revamped article. In a fresh blog post published by the company, Brian Armstrong, the head of Coinbase, argues that clear regulations for cryptocurrencies should be a bipartisan concern.
Armstrong emphasizes that Coinbase is a politically neutral company when it comes to issues unrelated to its mission. However, when it comes to increasing economic freedom through the adoption of cryptocurrencies, the company is deeply involved in policy efforts.
According to Armstrong, the best course of action for the 52 million Americans who own cryptocurrencies is to vote for politicians who support crypto and vote out those who oppose it. He stresses the need for bipartisan collaboration, as passing legislation will require support from both parties. Additionally, Armstrong highlights that an equal percentage of Democrats (22%), Republicans (18%), and Independents (22%) own cryptocurrencies.
In order to change the minds of those who are against cryptocurrencies, Armstrong reveals that Coinbase is engaging with anti-crypto figures. He asserts that Coinbase does not give preferential treatment to any specific party or political ideology.
In addition to supporting StandWithCrypto.org, Armstrong announces that Coinbase has donated $25 million to Fairshake SuperPAC to help elect pro-crypto politicians. He notes that, at the time of writing, Coinbase has donated an additional $25 million in USDC, bringing the total raised by Fairshake and its affiliates to $160 million in this election cycle, making it one of the largest SuperPACs.
Ripple, a payments firm, has also donated $25 million to Fairshake, along with investment giant Andreessen Horowitz (a16z).
To stay up to date with the latest news, readers can subscribe to receive email alerts directly to their inbox. The article also reminds readers to check the price action of cryptocurrencies and offers links to follow The Daily Hodl on various social media platforms.
Disclaimer: The opinions expressed in this article by The Daily Hodl are not investment advice. Investors are advised to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are performed at one’s own risk, and any losses incurred are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. It should be noted that The Daily Hodl participates in affiliate marketing.
[Image: Midjourney]
