Official U.S. government legislative records

'Stand With Crypto' Reaches 1M Advocates, Raises $87M for Digital Asset Regulation, Backed by Coinbase

Jun 5, 2024, 08:06 PM

The 'Stand With Crypto' movement has reached a significant milestone, with 1 million Americans signing up as advocates. This achievement is seen as a major step in mobilizing a powerful voter bloc in the U.S. political landscape. The movement, backed by Coinbase, has gained momentum particularly after a Whitehouse veto threat and bipartisan wins in Congress. The group has also raised $87 million to push for fair regulation of digital assets in the U.S. Coinbase CEO Brian Armstrong emphasized the importance of this constituency in upcoming elections, especially in battleground states. The movement is part of a broader community of over 50 million Americans who own crypto, with 600k advocates joining after the veto threat.