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 <p class="is-style-lead">Coinbase is launching a comprehensive paid media <a rel="noopener noreferrer nofollow" title="campaign" href="https://thebittimes.com/tag/campaign.html">campaign</a> to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry.</p> 
 <p>As part of this <a rel="noopener noreferrer nofollow" title="campaign" href="https://thebittimes.com/tag/campaign.html">campaign</a>, the second-largest crypto exchange is also organizing a fly-in on Sept. 27 to bring executives and developers from different crypto companies to meet staff and lawmakers on Capitol Hill.</p> 
 <h2 class="wp-block-heading" id="down-to-the-roots">Down to the roots</h2> 
 <p>As stated in Reuters, the grassroots&nbsp;advocacy <a rel="noopener noreferrer nofollow" title="campaign" href="https://thebittimes.com/tag/campaign.html">campaign</a>&nbsp;seeks to <a rel="noopener noreferrer nofollow" title="advance" href="https://thebittimes.com/tag/advance.html">advance</a> a bill that would define when a cryptocurrency is a security or a commodity.&nbsp;This bill was <a rel="noopener noreferrer nofollow" title="advance" href="https://thebittimes.com/tag/advance.html">advance</a>d by a congressional committee back in July but has yet to receive a full vote in the U.S. House of Representatives.</p> 
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 <h2 class="wp-block-heading" id="pushing-against-the-sec">Pushing against the SEC</h2> 
 <p>Part of the motivation behind this campaign is said to stem from the U.S. Security and Exchange Commission’s crackdown on the crypto industry, which started with the agency suing Binance and Coinbase just&nbsp;hours apart&nbsp;for allegedly selling unregistered securities.</p> 
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   <noscript> <iframe title="Sen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out 'rules of the road' for companies" width="1020" height="574" src="https://www.youtube.com/embed/f6E2MrrRbns?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p>Coinbase, which continues to deny this claim against them. The new <a rel="noopener noreferrer nofollow" title="campaign" href="https://thebittimes.com/tag/campaign.html">campaign</a> is the latest political influencing <a rel="noopener noreferrer nofollow" title="campaign" href="https://thebittimes.com/tag/campaign.html">campaign</a> endeavor by Coinbase, which spent $3.39 million on lobbying in the 2022 election cycle, according to OpenSecrets. </p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase limits Zcash trading as ViaBTC poses risks of 51% attack 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-to-begin-new-campaign-to-advance-us-legislation-tbt63288.html">https://thebittimes.com/coinbase-to-begin-new-campaign-to-advance-us-legislation-tbt63288.html</a></p>

Coinbase to begin new campaign to advance US legislation

Obsah

TheBitTimes

Ďalšie články zverejnené 19. 9. 2023

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