Cryptocurrency exchange Coinbase, against the backdrop of growing political influence on the industry, will post information about the lobbying of digital assets and decisions of local authorities regarding the industry.
Coinbase CEO Brian Armstrong tweeted that this will help the platform’s 103 million verified users know what steps local political leaders and industry representatives are taking towards cryptocurrencies.
The exchange will use the rating organization Crypto Action Network, which evaluates each member of Congress on their position regarding cryptocurrencies based on public statements and actions. The grading system varies from “A” to “F”. Armstrong added that users will be able to register on the app to vote on issues related to the cryptocurrency industry.
The CEO of Coinbase also announced the company’s plans to expand the geographic coverage of the information field and add relevant data to the profiles of candidates running for positions in local locations. According to Armstrong, this “will help pro-cryptocurrency candidates collect donations from the crypto community in digital assets.”
“Securing crypto is very important to our mission to increase economic freedom in the world, and Coinbase will do everything we can to help. But the crypto community is much bigger than Coinbase. I hope we can all come together to attract elected leaders and implement sound policies,” the head of the exchange said.
Recall that in February, on the eve of the November midterm elections to the US Congress, the Coinbase exchange announced the formation of the Candidate Support Committee (PAC) from the District of Columbia.
Source: Bits
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