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, it said in a Sept. 19 blog post.
“Fall 2022 polls show 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 a candidate who opposes cryptocurrency and Web3. ” Coinbase cited survey data collected by Morning Consult polling 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 specifically 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 cryptocurrency exchange launched a 14-month “Support Crypto” campaign in August aimed at pushing for cryptocurrency legislation in the country.
Coinbase said the campaign will focus on four “swing states” as well as Arizona, California, Georgia, Illinois and Wisconsin that 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 are simply choosing 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.
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The campaign will also call on cryptocurrency owners and supporters to call members of Congress and demand they pass clear, sensible legislation.
“Today, we’re starting that 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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