Coinbase to begin new campaign to advance US legislation
Coinbase is launching a comprehensive paid media campaign to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry. As part of this campaign , 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. Down to the roots As stated in Reuters, the grassroots advocacy campaign seeks to advance a bill that would define when a cryptocurrency is a security or a commodity. This bill was advance d by a congressional committee back in July but has yet to receive a full vote in the U.S. House of Representatives. You might also like: Coinbase, Sino and Libra launch a $60m crypto fund Pushing against the SEC 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 age...