Coin Edition -
- Brian Armstrong promoted “Crypto 435” by sharing Coinbase’s tweet.
- Crypto 435 allows users to become an advocate for crypto.
- The new campaign aims to change the viewpoint of cryptocurrency across 435 Congressional Districts.
Brian Armstrong, the CEO of Coinbase (NASDAQ:COIN), with zeal, promoted “Crypto435” by sharing Coinbase’s tweet. Crypto435, developed by Quorum Analytics, is a grassroots campaign that allows users to share their voices and become an advocate for pro-crypto policy. The new campaign could give the crypto community a glimmer of hope amid the stringent rules instilled in the industry.
Thousands of people across the U.S. have already signed up to be crypto advocates and help shape the future of crypto policy.So, what are you waiting for? Join #Crypto435 to get more information and make your voices heard in D.C. https://t.co/TPJhtoP9eC— Coinbase (@coinbase) March 6, 2023
With policymakers in the US making decisions about the crypto industry, the Crypto435 campaign aims to change the viewpoint of cryptocurrency across 435 Congressional Districts to ensure that the “right” resolution is made.
Crypto435, as described on the website, is expected to influence the law and policies, bring the crypto community together, promote innovation and protect jobs, and educate every day about cryptocurrency.
Announcing the new crypto campaign on Twitter, Brian Armstrong, expressed:
As crypto holders, we need to elect representatives who will fight for our interests, and help ensure this technology can benefit humanity. Crypto owners can be a powerful constituent, but only if we get organized.
However, the moment Armstrong conveyed his message about the importance of Crypto435, he faced backlash from the community. The crypto community roared at Brian Armstrong to “relist XRP,” as it was delisted by Coinbase due to its ongoing case with the SEC.
One user pointed out that Brad Garlinghouse, the CEO of Ripple, is currently fighting with the SEC, with hopes of achieving effective regulation for crypto industries in the US. Furthermore, the user accused Coinbase and Armstrong of cowering to SEC’s tantrums as they delisted XRP, the native token of Ripple Labs.
As US regulators tighten their grip on the crypto world, the industry copes with challenges and turmoil during its continuous battle. However, as individuals and organizations continue to suggest solutions against the regulator’s control over the crypto industry, there is hope observed in the community that this new industry could experience a brighter future.
The post Coinbase CEO Faces Backlash From Community Amid ‘Crypto435’ Promotion appeared first on Coin Edition.