Coinbase Actively Working to Affect Global Laws

Cryptocurrency exchange platform Coinbase is the largest of its kind in the world, and it is dedicating extensive financial resources to impact the US presidential election.

The company’s plans for affecting government policy do not stop there, though. They have plans to move beyond US elections and to use their vast resources so that they can change the sentiment toward cryptocurrency around the world. Coinbase’s Chief Financial Officer Alesia Haas spoke on Wednesday about the company’s plans to increase policy spending.

Coinbase is dedicated to working with both major political parties in the US if they are interested in improving cryptocurrency legislation. The company sees its effort as a bipartisan movement.

Coinbase has already given $25 million in donations to Fairshake, which is a political action committee focused on cryptocurrency. This election has been about cryptocurrency in a big way, and Coinbase is a major part of making that happen.

The Policy Impact

Changes to cryptocurrency policy will have a long lasting effect on the industry. Even if new laws do not go into effect until next year, new legislation can make a big difference in how easy it is for Coinbase and other exchanges to earn money.

Restrictive legislation that is either already in effect or the tis in the pipeline can hurt investors, exchange platforms and cryptocurrency providers. Coinbase sees it as part of their mission to work for better legislation that opens up more opportunities for cryptocurrency companies and investors.

Coinbase is deeply involved in policy efforts because the regulatory environment is in a state of flux right now. The US elections are happening now, which will leave the country with a new leader and new opportunities for crypto policy to change.

A number of crypto bills are being proposed at the moment as well, as many legislators see that the time is right for a change in regulations. But as more politicians and leaders are changing their views about cryptocurrency, there is now more room for new legislation to be considered and legalized.