With the new campaign, Coinbase aims to make the voices of the crypto community heard in all 435 congressional districts in the United States.
America's leading crypto exchange Coinbase has launched a pro-crypto advocacy campaign, dubbed #Crypto435, in all 435 Congressional Districts in the United States.
According to the Twitter thread shared by Coinbase, the goal of the campaign is to make sure that the voice of the crypto community is heard in all US congressional districts.
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During the campaign, Coinbase will provide information about local politicians and the general crypto landscape. The community will receive the contact information of politicians and their stances on crypto-related policies.
In the campaign announcement, Coinbase noted:
The crypto community has reached an important moment. Decisions being made by legislators and regulators in DC and around the country will impact the future of how we can build, buy, sell, and use crypto.
According to Coinbase, it was time for thoughtful policies that would ensure the advancement of Web3 and crypto, increasing economic freedom. On top of that, Coinbase noted that the advocacy campaign will educate Americans on the power of crypto and unite the community since "there is strength in numbers."
Coinbase tweeted to its 5.6 million followers on Twitter that they could sign up for the campaign and receive updates about upcoming federal regulations.
A pressing issue for US-based crypto companies is the need for comprehensive federal crypto laws. Currently, each federal agency regulates crypto according to its own internal rules. The issue extends to the state level, where crypto companies must comply with a patchwork of state-by-state rules.
Due to this uncertainty, various crypto companies have shut down or have taken measures to avoid regulatory risks. For instance, Coinbase recently announced it would delist Binance USD (BUSD) after it ran into legal headwinds.
In September 2022, Coinbase announced that it will be integrating crypto policy information into its app.