Coinbase Launches New App, Providing Crypto Policy Advocacy Information for Midterm Election

Annie Li  Sep 15, 2022 06:27  UTC 22:27

2 Min Read

Brian Armstrong, the founder of Coinbase Brian Armstrong, said he plans to add encryption policy content to the Coinbase trading app the for the upcoming US midterm elections.

Writing on its official Twitter, this will help Coinbase's 103 million verified users understand the crypto stance of political leaders in their region.

This integration provides the crypto community with new capabilities for elected officials through an aggregated scorecard through a platform called the Crypto Action Network.

The scorecard records a composite score ranging from "A" to "F" for each member of Congress' publicly documented statements and actions on cryptocurrency policy.

U.S. users can see members of Congress’ crypto sentiment scores based on public statements, register to vote, and learn about local town hall events.

Armstrong said cryptocurrency advocacy is important to our mission to increase economic freedom around the world, and Coinbase will do its part to help.

The company said it will continue to expand the constituency, aiming to expand real-time updates for cryptocurrency holders about candidates, the cryptocurrency regulatory environment, and the larger political process.

Armstrong wrote on his Twitter that: "Over time, we want to help pro-crypto candidates solicit donations from the crypto community (in crypto). We'll also expand to get more geographic coverage in global elections and add data on various candidates running for office (not just current elected officials)."

Coinbase Chief Policy Officer Faryar Shirzad said in a blog post on Aug. 25 that November’s midterm elections will be “the most important event in the history of cryptocurrency”, adding that, "Electing leaders who are pro-innovation and who favor sensible crypto policy is critical to our mission of increasing economic freedom. That’s why we’re launching an initiative to help the crypto community to get engaged and be heard."

Image source: Shutterstock

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