Coinbase to highlight politicians on their crypto positions
To prepare voters for US midterm elections
On Wednesday, Coinbase CEO Brian Armstrong shared the company’s plans to begin integrating crypto policy efforts into its app. This will help Coinbase’s 103 million verified users view crypto positions held by their local political leaders.
Coinbase will leverage data compiled by the Crypto Action Network — a 501(c)(4) organization dedicated to promoting the growth and security of crypto. The company plans to use a scorecard created by the Crypto Action Network, which grades each member of Congress on their stance on crypto, based on their public statements and public actions with respect to crypto policy. The grading system ranges from “A” to “F.”
According to Armstrong’s tweets, Coinbase U.S. users will be able to learn where members of Congress stand on crypto policy, as well as register to vote, and find out about local town hall events. Armstrong also revealed that Coinbase intends to expand geographical coverage, and add data on candidates running for office.
The CEO believes this will “help pro-crypto candidates solicit donations from the crypto community”. He added: “Crypto advocacy is very important for our mission of increasing economic freedom in the world, and Coinbase will do its part to help. But the crypto community is much bigger than Coinbase - hopefully, we can all rally to engage elected leaders and drive sensible policies.”
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