Coinbase-Backed Grassroots Organization Mobilizes 2.3M Voters Ahead of Key U.S. Crypto Legislation
Main Idea
Grassroots organizations, backed by crypto entities like Coinbase, are mobilizing millions of voters and influencing crypto legislation in the U.S., while state-level efforts are shaping favorable regulatory environments.
Key Points
1. Stand With Crypto (SWC), a Coinbacked nonprofit, has mobilized 2.3 million crypto advocates and aims to exceed 2.5 million, with over 600,000 voters registered in 2024.
2. SWC sent 70,000 emails to senators during the GENIUS Act vote and organized a coalition letter signed by 65 crypto-focused organizations supporting the CLARITY Act.
3. State-level organizations like the North American Blockchain Association (NABA) and Texas Blockchain Council (TBC) are advancing blockchain policy, with TBC helping draft Texas’ HB 1666 and SB 21.
4. Polkadot engages in state-level policy through organizations like the Florida Blockchain Business Association (FBBA) and educates lawmakers on Web3 technologies.
5. Education remains a key challenge, with initiatives like 'Blockchain Basics for Policymakers' and summits hosted by TBC to bridge the gap between technology and policy.
Description
United States President Donald Trump’s Working Group on Digital Asset Markets recently released its long-awaited crypto report . The document, which was made publicly available on July 30, outlines policy recommendations for regulating crypto in the U.S. The report includes recommendations on crypto market structure, jurisdictional oversight, banking regulations, promoting U.S. dollar hegemony through stablecoins, and taxation of cryptocurrencies. Today the White House is releasing its comprehen...
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