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

19/09 19:48
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)