Coinbase starts nationwide pro-crypto-policy campaign

Coinbase starts nationwide pro-crypto-policy campaign
America's largest cryptocurrency exchange draws all the stops to ensure that US politicians do the right things that treat the crypto industry.
The company has announced Crypto435-a basic initiative to expand the pro-crypto advocacy to citizens in all 435 congress districts.
The Advocacy Mission of Coinbase
as tweeted by Coinbase on Tuesday, the initiative offers lovers of crypto and web 3 the opportunity to hear their opinion in DC. Coinbase will give the community various tips on local politicians and the crypto landscape-including their contact information, their records about crypto guidelines and how best to ensure that they are heard in one voice.
"The crypto community has achieved an important moment," explained Coinbase. "Decisions made by legislators and supervisory authorities in DC and throughout the country will affect the future of how we can build, buy, buy and use crypto."
The interest of the congress and the supervisory authorities in crypto-and especially skepticism towards him-has increased after the catastrophic collapse of FTX in November. The political discussion about cryptor regulation in Washington has taken a negative turn between expert calls limited The industry from the banking system, and the banking committee of the Senate floats complete prohibition on it. The stock exchange claims that Crypto435 "influence laws and guidelines" and "also educate everyday Americans about the power of crypto". also the pressure of federal authorities-in particular the Securities and Exchange Commission (SEC). In February alone, the agency imposed a fine Krake for its staking-as-a-service product a notification of Wells paxos span Style = "Font-Weight: 400"> For the issue of Busd and led an investigation to an investigation Coinbase against Sek
Some of the supporters of the industry in Washington have criticized the SEC for "through enforcement" instead of giving the crypto companies the necessary clarity to follow the law-including the agency . Brian Armstrong, CEO of Coinbase, supported her claims and at the same time spoke out against many of the SEC claims that certain crypto products, including Pick-up services and tokens are securities.
The confusion about such topics has caused the industry to contact the congress, which does not yet have to say goodbye to the air to classify cryptocurrencies or determine which authorities they should supervise.
"We need a well thought-out political design and intelligent regulation so that we can continue to advance crypto and web3 and make progress in our mission to increase economic freedom," wrote Coinbase.
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