Coinbase to Share Political Updates on Its App

Coinbase to Share Political Updates on Its App

Crypto exchange to expose local politicians about their views on crypto policies.

Coinbase, an American cryptocurrency exchange established by Brian Armstrong and Fred Ehrsam in 2012, is planning to integrate crypto policy information into its app.

According to the Twitter thread shared by Coinbase co-founder and CEO Brian Armstrong, with this new initiative, Coinbase aims to educate verified users about the viewpoints their local political leaders have on crypto.

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The users can find all the information about the politician's stances on a so-called scoreboard created by Crypto Action Network. The list will include the name, political parties, Congress members' districts, and grades for their “crypto sentiment.” The grades range from “very positive” to “very negative.”

The Crypto Action Network will help keep track of politicians' public statements and actions taken toward crypto policies.

Moreover, the new function will allow users to register to vote and keep up with local town hall crypto-related events. Armstrong highlighted that in the future, the company aims to expand this function to other countries and include politicians running for Congress.

The Coinbase CEO emphasized that it aims to bring out function, which allows pro-crypto politicians to receive donations from verified Coinbase users.

When talking about why such an initiative is needed, Brian Armstrong noted:

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.

It is not the first time Coinbase has launched such an initiative. Previously, the company rolled out a crypto policy initiative called Voter Registration & Education Initiative, which aims to provide users with the resources to get themselves involved in crypto policy discussions.

In other news, Coinbase was recently exploited by Georgian users, who used price bugs to make a profit.

Gile K. - Crypto Analyst

by Gile K. - Crypto Analyst, BitDegree