Coinbase steps up advocacy campaign to advance U.S. crypto industry legislation

Odaily Planet Daily News Cryptocurrency exchange Coinbase stated that it is strengthening grassroots advocacy activities to promote legislation aimed at providing clear supervision for the encryption industry. A U.S. congressional committee advanced a cryptocurrency bill in July that would define when cryptocurrencies are securities or commodities. The industry wants a full vote on the bill in the U.S. House of Representatives. Coinbase will launch a comprehensive paid media campaign on Tuesday, including advertising in Washington, D.C., and a call on cryptocurrency users on its platform to contact U.S. lawmakers and ask them to pass cryptocurrency legislation. Coinbase will also organize a “fly-in” event on September 27, where executives and developers from approximately 35 cryptocurrency companies will meet with staff and lawmakers in the U.S. Congress. (Reuters)