Cryptocurrency exchange Coinbase said it will focus its “Stand with Crypto” campaign on nine U.S. states, including four “swing states” where voters were surveyed as less likely to choose anti-crypto Currency presidential candidates.
The four “swing states” include New Hampshire, Nevada, Ohio and Pennsylvania, which are just some of the states where cryptocurrency exchanges will focus on “pro-cryptocurrency” activities. explain In a blog post on September 19th.
“Polling in the fall of 2022 shows that more than half (55%) of voters in key states such as New Hampshire, Nevada, Ohio and Pennsylvania say they are unlikely to vote for someone opposed to cryptocurrency and Web3. candidate.” Coinbase, citing survey data Collected in a Morning Consult poll a year ago.
52 million Americans own cryptocurrency. They are younger and more diverse than the overall U.S. population. But Congress didn’t hear them.
That’s about to change.
Here’s what we’re doing and what you can do to help mobilize 1 million people #StandWithCrypto: https://t.co/stmH0WVUhO
— Coinbase️ (@coinbase) September 19, 2023
The poll released in October included 800 likely voters in four states. Between 13-19% of respondents in these four states claimed to own cryptocurrencies at the time of the poll.
Coinbase also noted that, particularly in Nevada, Ohio, and Pennsylvania, more than 40% of cryptocurrency owners use blockchain to send money overseas to help family members pay for food, housing, and medical expenses at far lower fees than banks typically Fees charged via international wire transfer.
Coinbase attempts to mobilize cryptocurrency users
The focused research was conducted during a 14-month “Support Cryptocurrency” campaign launched by Coinbase in August to promote cryptocurrency legislation in the country.
Coinbase said the campaign will focus on four “swing states,” but will also focus on Arizona, California, Georgia, Illinois and Wisconsin, which are “over-indexed” when it comes to cryptocurrency owners.
“While a growing number of elected officials in Congress advocate for legislation to regulate cryptocurrencies and advance the financial system, others simply choose to protect the status quo.
Coinbase also plans to organize a “Day of Support for Cryptocurrency” on September 27 in Washington, D.C., to advocate for better cryptocurrency innovation and policy.
related: Coinbase CEO says leaving US ‘not even possible right now’ – report
The campaign also encourages cryptocurrency owners and supporters to take a moment to call members of Congress and demand they pass clear, sensible legislation.
“Today, we’re starting this work by rallying the collective power of our community to move the fight from X (formerly Twitter) to mobile phones.”
It added: “The campaign will encourage cryptocurrency owners and supporters to take one minute every day to call their members of Congress and demand they pass clear, sensible legislation.”
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