Coinbase is supporting political candidates who could positively impact the industry, following the company’s receipt of a Wells Notice from the US Securities and Exchange Commission (SEC).
Coinbase CEO Brian Armstrong has announced that the exchange will be throwing its weight behind pro-crypto candidates in upcoming US elections in a bold move that’s sure to make waves. This comes hot on the heels of the SEC sending the company a Wells Notice, so you can bet that Armstrong is feeling fired up and ready to take on the establishment.
Armstrong isn’t just talking the talk, though. The executive is calling on all crypto enthusiasts to join him in taking action to support candidates who understand the potential of digital assets. That means getting involved in politics at the grassroots level, from contacting your congressman to showing up at town halls to make your voice heard.
Coinbase recognizes that the digital asset industry as a whole has been in a constant battle with regulation since its inception, and it’s time to take a stand. With the SEC stepping up its enforcement action against crypto companies, now is the time for the industry to unite and fight back.
However it’s not just about donating. Armstrong is urging crypto users to use their voices and get involved in the political process through contacting congressmen, donating to pro-crypto candidates, or showing up at town halls.