CEO Brian Armstrong has outlined ways for the industry to beat crypto winter, including a new lobbying group.
both passed by the House Financial Services Committee and the House Ag Committee with bi-partisan support and are heading before the Senate. And second, there’s a growing chorus of crypto advocates who think crypto’s existing lobbying network in D.C. has largely failed the industry.
Look around at the lack of crypto regs and legislation and you might agree, but then it’s not an easy job selling crypto especially after the market gouging we had. Coinbase may have better luck with an aligned lobbying group rather than funding others, or it might be entering at a more opportune time. There are certainly going to be more chances to mold crypto regs going forward than five years ago.
It’s easy to overstate Coinbase’s role in the history of crypto adoption, and it’s not always clear the company will always be as prominent given its legal issues and the lackluster demand for crypto. Then there’s the fact that as the company itself noted “on-chain is the new online” meaning crypto is moving away from centralized companies to actual blockchains. But it's still a bellwether for the future prospects of crypto.
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