Coinbase is becoming political. The exchange has added new features to the app to allow users to evaluate legislators, register to vote, and locate political events. A new scorecard will be available in the app that evaluates Congressmen on crypto policy issues.
According to Brian Armstrong, CEO and co-founder of Coinbase, users can assess the crypto credentials of lawmakers, register for voting, and find political events through the app.
Armstrong stated that the company added these new features to fulfill its mission of “increasing financial freedom” in a thread.
Coinbase launched a education initiative
Washington regulators and lawmakers are looking for new rules to regulate the industry following this summer’s crash in the stock market. Coinbase launched last month a voter registration initiative and an education initiative.
Armstrong stated that cryptocurrency advocacy was crucial to our mission of increasing economic freedom around the world.
Coinbase will help in this endeavor. But the crypto community goes beyond Coinbase. We can all unite to engage elected officials and promote sensible policies.”
Armstrong reports that Coinbase has 103 Million verified users.
This move follows the release by Crypto Action Network, a dark-money group, of a scorecard that analyzed the crypto records of Congressmen. Coinbase, which supports this nonprofit organization, will display the scorecard in its app. Armstrong stated that the company has plans to raise funds for pro-crypto candidates.
