On the 14th of September, the CEO and co-founder of Coinbase, Brian Armstrong, went on to announce that the company had plans of integrating the crypto policy efforts into the app. According to him, this would ideally help the company’s 103 million verified customers have the knowledge of the stand taken up by their local representatives and politicians regarding cryptocurrency.
It has been understood that the company will be heavily relying on some of the data that have been compiled by the Crypto Action Network- which is a 501 organization specifically created to promote the security and growth of cryptocurrency. Interestingly, the company is going to utilize a scoreboard that has been constructed by the Crypto Action network, which also grades every single member of Congress on their stance on cryptocurrency.
Coinbase Has Unveiled New Plans For Updating User Policy
According to the tweets that Armstrong put out, Coinbase app users will definitely be able to peruse where the different members of Congress stand on crypto policy, along with being able to register to stay up to date and vote with local town hall events. The CEO further expressed his plans for the company- which would be to expand upon its geographical coverage– all the while adding relevant data to profiles of candidates who were running for office. Armstrong believes that this would definitely help pro-crypto candidates bring in donations from the crypto community as a whole.
Interestingly, this statement from the CEO of Coinbase comes just a month after Faryar Shirzad, the Chief Policy Officer of the crypto exchange stated that the leaders they would be elected in November would be deciding the critical decisions about the future of not just crypto, but also web3 and blockchain.