Brian Armstrong, CEO of the American digital currency exchange “Coinbase,” has called on digital currency supporters to “contact members of Congress, donate to pro-digital currency candidates, and attend local councils” to achieve clear rules for investing in digital currencies.
Armstrong said in a Twitter discussion on March 23 that his company will make efforts to organize around 50 million digital currency users in the United States into a political force. His call came after the US Securities and Exchange Commission issued a Wells notice to the digital currency exchange, indicating the possibility of taking enforcement action against it.
Armstrong added, “What we’ll do is start publishing content that people can use to reach out to members of Congress, donate to pro-digital currency candidates, attend local councils, and amplify their voice. We will elect pro-digital currency candidates in this country to ensure our success.”
Armstrong’s call for action previously represented a change in his position on mixing business and politics. Following the exchange’s public offering in April 2021, “Coinbase” leaders openly participated in US politics.
Brian Armstrong’s call to digital currency investors to work with government agencies to support candidates who endorse this industry comes after the US Securities and Exchange Commission’s notification of the possibility of taking enforcement action against the digital currency exchange “Coinbase,” indicating the possibility of taking tough regulatory action.
This call comes as part of a series of initiatives pursued by “Coinbase” in recent times to influence political events and regulate digital currencies, after the digital currency exchange became a listed company on the NASDAQ in April 2021.