Coinbase users to identify crypto-friendly lawmakers in the US Congress

The bitcoin exchange Coinbase has launched an app-integrated tool that will allow users to gauge attitudes toward digital assets among members of the U.S. Congress.

1/ Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live. pic.twitter.com/3GqWZIioZQ

— Brian Armstrong (@brian_armstrong) September 14, 2022

The tool shows how various members of Congress gauge their attitudes toward cryptocurrencies, from “very positive” to “very negative”.

The algorithm is partly based on data from the CryptoActionNetwork service. It assesses lawmakers using publicly available information such as media statements, legislative initiatives, and willingness to accept donations in digital assets.

“Protecting the industry’s interests is crucial to our mission of expanding economic freedom in the world. The crypto community is far larger than the number of Coinbase users. I hope we can rally together to engage elected leaders and pursue sensible policy,” — wrote the platform’s CEO Brian Armstrong.

5/ Crypto advocacy is very important for our mission of increasing economic freedom in the world, and Coinbase will do its part to help. But the crypto community is much bigger than Coinbase — hopefully we can all rally to engage elected leaders and drive sensible policies.

— Brian Armstrong (@brian_armstrong) September 14, 2022

The midterm elections for the Senate and the House of Representatives will be held on November 8.

According to the executive, in the future, the policy service will allow donations in cryptocurrencies. It is also planned to add information about candidates for Congress and data on politicians in other countries.

Recently, Coinbase and FTX have stepped up their lobbying efforts to shape a favourable regulatory regime, according to Decrypt.

In September, Coinbase supported a lawsuit against the U.S. Treasury over sanctions related to Tornado Cash.

Earlier, Coin Center said it planned to challenge the restrictive measures against the cryptocurrency mixer .

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