Coinbase crypto lobbying campaign to focus on four swing states

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Crypto exchange Coinbase says it will focus its “Stand with Crypto” campaign on nine states in the U.S., including four “swing states” where voters were polled as less likely to choose anti-crypto presidential candidates.

The four “swing states” include New Hampshire, Nevada, Ohio, and Pennsylvania, it said in a Sept. 19 blog.

“Polling in the fall of 2022 showed that in the key states of NH, NV, OH, and PA, over half (55%) of voters stated that they would be less likely to vote for candidates who oppose crypto and Web3,” said Coinbase, citing survey data collected in a Morning Consult poll a year prior.

The October-published poll included 800 likely voters across the four states. Between 13-19% of respondents in the four states claimed to own cryptocurrency at the time of the polling.

Percentage of voters in the four swing states that own cryptocurrencies or nonfungible tokens. Source: Morning Consult

Coinbase also cited that in Nevada, Ohio and Pennsylvania in particular, more than 40% of crypto owners use blockchain to remit money overseas to help family members pay for food, housing and health care for far less than what banks typically charge with international wire transfers.

Coinbase attempts to mobilize crypto users

The crypto exchange’s “Stand With Crypto” campaign is a 14-month-long campaign launched in August, pushing for crypto legislation in the country.

Coinbase said the campaign will focus on the four “swing states” as well as Arizona, California, Georgia, Illinois, and Wisconsin, which have an “over-index” when it comes to crypto owners.

“While a growing number of elected officials in Congress are advocating for legislation to regulate crypto and drive progress in the financial system, others are simply choosing to protect the status quo.

Coinbase is also set to organize a “Stand with Crypto Day” will take place in Washington D.C. on Sept. 27 to advocate for better cryptocurrency innovation and policy.

Related: Coinbase CEO says leaving US ‘not even in the realm of possibility right now’ — Report

The campaign will also call on crypto owners and supporters to call their members of Congress and ask them to pass clear, sensible legislation.

“Today we kick off this effort by rallying the collective energy of the community, and taking the fight off X (formerly known as Twitter) and on to the phones.”

“The campaign will encourage crypto owners and supporters to take one minute of their day to call their member of Congress and ask them to pass clear, sensible legislation,” it added.

Magazine: Binance, Coinbase head to court, and the SEC labels 67 crypto-securities: Hodler’s Digest, June 4-10


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