Coinbase to educate users on policies held by local politicians with new app integration
On Sept 14, Coinbase Co-Founder and CEO Brian Armstrong announced the company’s plans to begin integrating crypto policy efforts into its app. According to him, this will help the company’s 103 million verified users know where their local political leaders and representatives stand when it comes to cryptocurrency.
1/ Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live. pic.twitter.com/3GqWZIioZQ
Coinbase will rely on some of the data compiled by CryptoActionNetwork (CAN) — a 501(c)(4) organization dedicated to promoting the growth and security of cryptocurrency. Coinbase will use a scorecard put together by CryptoActionNetwork which grades each member of congress on their stance on crypto, based on their publicly recorded statements and actions with regard to crypto policy. The grading system ranges from “A” to “F”.
According to the CEO’s tweets, Coinbase app users will be able to see where members of congress stand on crypto policy, as well as, register to vote and stay up to date with local town hall events. He also expressed the company's plans to expand geographical coverage, and also add relevant data to profiles of candidates running for office.
The CEO shared that, this will “help pro-crypto candidates solicit donations from the crypto community (in crypto)”. He added:
This announcement from the CEO comes less than a month after Chief Policy Officer of Coinbase, Faryar Shirzad, shared in a tweet:
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