- Advertisement -
The “Stand with Crypto” campaign will have a strategic focus on nine specific states in the United States: New Hampshire, Nevada, Ohio, Pennsylvania, Arizona, California, Georgia, Illinois, and Wisconsin.
coinbase The “Stand With Crypto” campaign is dedicated to advocating for favorable cryptocurrency legislation in the United States. The initiative follows extensive research from Coinbase, which shows that a majority of Americans believe the financial system needs significant reforms. Of the respondents, 51% argue that the current financial system is unjust, primarily favoring powerful interests over ordinary citizens. The research also indicates that only a small portion (14%) are optimistic about the future of the current financial system.
The “Stand with Crypto” campaign will have a strategic focus on nine specific states in the United States: New Hampshire, Nevada, Ohio, Pennsylvania, Arizona, California, Georgia, Illinois, and Wisconsin. In particular, special attention will be paid to four “swing states” where voters are less likely to support anti-crypto presidential candidates.
While some elected members of Congress advocate for cryptocurrency regulation and innovation in the financial sector, others prefer to maintain the status quo. Coinbase aims to raise awareness and express their support for cryptocurrencies through this campaign, aligning with the desire for change among many Americans.
“It’s time to challenge the status quo by updating the system,” the company wrote.
Coinbase’s decision to launch this campaign is validated by fall 2022 survey data, which showed that more than half (55%) of voters in some targeted states were less likely to vote for candidates opposing cryptocurrencies and Web3. Have expressed reluctance. Additionally, during the poll, 13% to 19% of respondents in these states claimed to own cryptocurrencies.
For example, in Nevada, Ohio, and Pennsylvania, more than 40% of owners use cryptocurrencies. blockchain technology For cross-border money transfers to support individuals’ food, housing and health care expenses. They prefer this method because of its cost-effectiveness and speed compared to traditional bank wire transfers.
The unregulated crypto landscape in the US is a competitive disadvantage
The lack of clear regulations creates challenges for cryptocurrency exchanges and businesses in the United States. Even well-established crypto exchanges have faced legal issues and allegations due to lack of regulatory clarity. Furthermore, many countries are already implementing regulatory frameworks to strategically position themselves in the innovative crypto-powered financial system. Failure to act immediately could result in the United States missing out on attracting innovative companies, creating jobs, and generating additional revenue from the cryptocurrency industry. coinbase Said,
“Crypto needs clear, sensible legislation. The current “enforcement only” approach puts jobs, innovation and global leadership at risk.”
Some of Coinbase’s strategies for ‘Stand With Crypto’ campaign
The “Stand with Crypto” campaign, launched by Coinbase, is a 14-month long effort with various programs. This includes “Stand with Crypto Day” in Washington DC on September 27, dedicated to promoting cryptocurrency innovation and policy. The campaign also encourages crypto supporters to connect with their congressional representatives to advocate for favorable and transparent crypto regulations in their respective states.
Coinbase’s approach to achieving its campaign goals includes community rallies, shifting from social media to phone calls to advocate for members of Congress and influential figures, hosting in-person events and demonstrating how clear cryptocurrency regulations can impact financial services. system and can benefit the United States. Complete.
Temitope is a writer with over four years of experience writing across various fields. He has a special interest in the Fintech and Blockchain sectors and enjoys writing articles in those areas. He has bachelor’s and master’s degrees in linguistics. When he’s not writing, he trades Forex and plays video games.
Bitcoin Crypto Related Post