Coinbase Adds Crypto Policy Integration


  • Coinbase hopes to help fund pro-cryptocurrency candidates in cryptocurrencycurrencies
  • Coinbase users can now register to vote through the app

In a first for a cryptocurrencycurrency exchange, Coinbase moved on Wednesday to showcase relevant political updates to users via its app. 

Coinbase executives positioned the maneuver as a means to elevate the voices — and potential digital asset legislation and regulatory rulemaking — of influential politicians who have been friendly to digital assets. 

Via a news feed-like structure, users can now scroll to see how different legislators are thinking about digital assets. Eventually, the exchange hopes to help pro-cryptocurrency candidates accept cryptocurrency donations, CEO Brian Armstrong tweeted

The sentiment scores are compiled “based on publicly available statements,” Armstrong wrote.

Users can also register to vote and find information about local town hall events through the app. In the future, Armstrong said the company plans to incorporate relevant political matters globally, as well as parse voting data on candidates running for office and current elected officials.

The data that is currently public is in part supplied by an organization Coinbase supported, Armstrong said, the CryptoActionNetwork. 

The features come as interest in policy heats up in cryptocurrency. Leaders in the space have been building their policy and compliance teams in an effort to prepare for impending regulation. 

Coinbase recently moved to fund a US federal lawsuit against the Office of Foreign Asset Control surrounding sanctions suddenly slapped on cryptocurrency mixing service Tornado Cash. The exchange is also in the midst of fighting its own regulatory battles as concerns about token classification continue to mount. 

“Crypto advocacy is very important for our mission of increasing economic freedom in the world, and Coinbase will do its part to help,” Armstrong said. “But the cryptocurrency community is much bigger than Coinbase – hopefully we can all rally to engage elected leaders and drive sensible policies.”


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  • Casey Wagner

    Blockworks

    Senior Reporter

    Casey Wagner is a New York-based business journalist covering regulation, legislation, digital asset investment firms, market structure, central banks and governments, and CBDCs. Prior to joining Blockworks, she reported on markets at Bloomberg News. She graduated from the University of Virginia with a degree in Media Studies.

    Contact Casey via email at [email protected]





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