Coinbase has launched an initiative to help voters figure out how “crypto-friendly” candidates may be in the 2022 elections.
Coinbase CEO Brian Armstrong announced on Wednesday that the crypto exchange platform would integrate its policy initiative into its mobile app. This will help voters register, allow them to see politicians’ views on cryptocurrency, and inform them about local events.
“Crypto advocacy is very important for our mission of increasing economic freedom in the world, and Coinbase will do its part to help,” Armstrong said. “But the crypto community is much bigger than Coinbase — hopefully we can all rally to engage elected leaders and drive sensible policies.”
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Coinbase users in the United States can now view a politician’s “crypto sentiment score,” which draws on publicly available statements. Armstrong eventually hopes to expand these efforts in order to “help pro-crypto candidates solicit donations from the crypto community (in crypto).”
The new initiative extends the company’s August efforts to encourage voters to register for the midterm elections.
The crypto exchange has increased its efforts on the Hill to encourage members of Congress to support the crypto industry. The company formed a political action committee in February 2022 to promote pro-cryptocurrency policies in Congress.
Coinbase is not the only exchange platform with a PAC. The Blockchain Association announced on Monday that it had formed a “nonpartisan” crypto PAC to support candidates on both sides of the aisle who are willing to advocate the crypto industry.
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While the crypto industry has invested millions into various campaigns in 2022, it remains unclear how high of a priority the crypto industry is among voters.
