Coinbase wants the broader US crypto community to seek 'clear and sensible' crypto legislation from their congresspersons.
Coinbase wants the broader US crypto community to seek “clear and sensible” crypto legislation from their congresspersons.
The company has launched a new campaign to mobilize over 50 million crypto holders in the United States to lend their voices in support of clear cryptocurrency laws.According to recent Coinbase data, there are 52 million crypto owners in the United States, with 60% being either Gen Z or Millennials, 75% having an income below $100,000, and 41% from racial minorities, thereby showing a younger and more diverse group of people compared to the entire US population.
In addition, a previous survey revealed that 72% of Americans between 18 and 34 years old said cryptocurrency allowed for direct control of personal assets, while another 72% agreed that “digital assets are the future of finance.”the current 52 million crypto owners into “a powerful force” as part of its campaign efforts for clear cryptocurrency regulations as the US gets ready for its 2024 elections.of the Financial Innovation and Technology for the 21st Century Act .
The crypto exchange giant is, meanwhile, asking crypto holders to call their congresspersons to seek an unambiguous and responsible regulatory framework.Coinbase announced the launch of an independent advocacy non-profit grassroots movement called Stand with Crypto Alliance in August 2023, aimed at advancing sensible crypto innovation and policy. The organization has seen support from over 100,000 people since its launch, with plans to involve 52 million crypto holders in the US.
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