Coinbase Integrates Crypto Policy Efforts Into its App

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase Global Inc, announced yesterday that the firm has begun integrating crypto policy efforts into its app. 

Based on his insight on the new feature, citizens and crypto enthusiasts can now decipher what their present, past and incoming leaders think about cryptocurrencies and the digital assets industry generally.

1/ Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live. pic.twitter.com/3GqWZIioZQ

— Brian Armstrong (@brian_armstrong) September 14, 2022

Specifically, Armstrong announced that the company’s 103 million verified users will now know where their local political leaders and representatives stand regarding cryptocurrency. 

This goes to show what the industry will be like when such leaders are elected and will also help investors to make investment decisions. Coinbase will work with the data made available by Crypto Action Network, an organization dedicated to promoting the growth and security of cryptocurrency.

Coinbase to Explore Crypto Action Network Scorecard

Coinbase will explore the Crypto Scorecard option that Crypto Action Network provides after an assessment of these individuals. 

Most times, the assessments are an analysis of public statements issued by these political candidates or their actions with regard to crypto policies. For the scorecard, after assessment, results are graded from A to F depending on their crypto stance with A being the highest interest. 

Notably, the organization recently released the scorecard for the 117th Congress and according to Crypto Action Network, “each member of Congress was assessed based on their public statements and public actions with respect to cryptocurrency policy. Each grade was derived solely from publicly available information.”

Based on Armstrong’s tweet, users can also register to vote and discover local town hall events from this integration. 

As time progresses, pro-crypto candidates will be able to solicit and receive donations in cryptocurrencies from the crypto community. In addition to Coinbase plans, expansion into more geographical territories is core. The firm intends to add more data about every candidate running for office together with those already elected.

Amidst all of these, Coinbase was a victim of a technical glitch on Tuesday which resulted in a failure in completing trading and withdrawals. The team jumped on it the situation and has finally salvaged it. The exchange announced that services have fully been restored on its platform and users can now resume their withdrawals and trading.