Coinbase is getting political, adding features to evaluate crypto policy issues

Quick Take

  • Coinbase is getting political: The exchange added new app features to help users evaluate lawmakers, register to vote and find political events.
  • The app will feature a new scorecard which evaluates members of Congress on crypto policy issues.

Coinbase users can evaluate lawmakers’ crypto bona fides, register to vote and discover political events on the exchange’s app, co-founder and CEO Brian Armstrong announced. 

The company added the new features as part of its mission of “increasing economic freedom,” Armstrong said in a Twitter thread. Washington lawmakers and regulators are eyeing new rules for the industry after this summer’s market crash, and Coinbase launched a voter registration and education initiative last month.

“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."

Coinbase has 103 million verified users, according to Armstrong.

The move comes days after Crypto Action Network, a dark money group, released a scorecard sizing up the crypto records of members of Congress. Coinbase, which supports the nonprofit organization, will feature the scorecard on its app. The company also has plans to help pro-crypto candidates raise money, Armstrong said.

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