Cryptocurrency exchange Coinbase CEO Brian Armstrong urged users to vote for political candidates who support the crypto industry to counter the US SEC.

During a discussion on Twitter Spaces, Brian Armstrong stated that the Coinbase team will make every effort to turn the 50 million US citizens using cryptocurrencies into a unified political force. Armstrong explained that the exchange will provide people with the ability to contact congressmen and send donations to candidates who support cryptocurrencies.

According to Armstrong, Coinbase will do everything to ensure that the voice of the people is heard, and the field of cryptocurrencies is “destined to succeed” in the United States. Last year, Coinbase announced that it would inform users about the measures taken by political leaders regarding cryptocurrencies.

Armstrong’s recent announcement comes after the US Securities and Exchange Commission (SEC) sent a notice to the stock exchange that it could sue it for selling unregistered securities. Armstrong urged subscribers to support a petition against the regulator, which claims that staking services are not related to securities. Earlier, Coinbase General Counsel Paul Grewal explained why securities laws should not apply to staking services.

Crypto Council for Innovation (CCI) CEO Sheila Warren added that crypto companies have spent a huge amount of resources trying to reach a dialogue with the SEC to clarify the regulation of cryptocurrencies.

“Are we really going to let one American regulator determine the entire trajectory of innovation for the entire country? Especially if that regulator refuses to engage with the industry it is trying to regulate? The 20% of Americans who own cryptocurrencies are voters who can make a difference if they come to vote, ”Warren is indignant.

Recall that last year, the CEO of Coinbase announced his readiness to stop participating in ether staking if required by regulatory authorities.