CoinBase Launches Crypto Policy Education Initiative – Dabbles In Politics

Coinbase launches a crypto policy education initiative, which it announced on August 25. This will be the beginning of the crypto policy education campaign in the United States, which will feature a voter registration site based on politicians’ stances on crypto.

According to Coinbase, the educational endeavor will allow users to openly express themselves on numerous crypto-related political and regulatory concerns in the United States through debates and learning tools.

Involving The Crypto Community In Political Debates

Faryar Shirzad, Coinbase’s Chief Policy Officer and a former White House security advisor, stated on Twitter that the exchange initiated this program because “electing leaders that are pro innovation and who advocate sound crypto policy is important to [Coinabse’s] purpose.”

1/ Electing leaders who are pro innovation and who favor sensible crypto policy is critical to our mission of increasing economic freedom. That’s why we’re launching an initiative to help the crypto community to get engaged and be heard. Read more: https://t.co/5eNWRdWjvs

— Faryar Shirzad (@faryarshirzad) August 25, 2022

Shirzad emphasized that the organization feels it is critical to make educated voting selections. The goal of this new project is to assist users in making decisions and selecting the best candidate for them:

“The leaders we elect this November will be the ones making critical decisions about the future of crypto, blockchain, and web3 – and about your economic freedom […] The most important way to make a difference in shaping what happens is by being informed and by voting. That’s why we’re launching a voter registration portal and education initiative.”

Furthermore, attendees will be able to ask the candidates questions regarding crypto subjects of interest in order to better understand their regulatory stances. This alternative might improve ties between lawmakers and the cryptocurrency community.

Coinbase And Its Relationship With Politics

When it comes to US politics, Coinbase is not exactly known for its proclivity to foster free speech, but still Coinbase launches a crypto policy education initiative before the elections.

Amstrong released a letter to its employees on September 27, 2020, claiming that the firm would not allow any debate on political candidates and requesting the resignation of employees who refused to follow the company’s principles.

“[not allowed] Debate causes or political candidates internally; expect the company to represent our personal beliefs externally; assume negative intent, or not have each other’s back [and] take on activism outside of our core mission at work.”

This occurred during Trump’s political reelection campaign. However, following the many attacks from regulators and users, the company’s neutral attitude appears to have shifted to a more aggressive one.

Shirzad claims that Coinbase’s philosophy is to avoid politics as long as politicians avoid its purpose. He claims that the 2022 midterm elections in the United States will be pivotal for Coinbase, which might explain why the business is operating so differently in comparison to the 2020 presidential elections:

2/ We’ve always said that we will get involved in the political process in moments when it directly impacts our mission — the 2022 U.S. midterm election is one of those key moments.

— Faryar Shirzad (@faryarshirzad) August 25, 2022

The Securities and Exchange Commission (SEC) is now investigating Coinbase for the listing of nine unlicensed securities. A crypto-friendly regulatory framework might be extremely beneficial to them and the whole crypto sector.