Coinbase (COIN) is gearing up for the upcoming midterm elections in the U.S. by calling on its customers to register to vote and get informed about where candidates stand on crypto-related issues.
In a blog post published Thursday, Coinbase Chief Policy Officer Faryar Shirzad wrote that the November midterm elections will be the “most important in crypto’s history” as lawmakers decide how to regulate the growing industry.
“Being informed and being engaged are mission critical for the future of crypto,” Shirzad wrote.
It’s unclear whether crypto is a key issue for voters in 2022. According to a recent Pew Research Center poll, the economy is the most important issue for voters, with gun policy, health care and crime also holding high levels of importance. Abortion is another increasingly important issue in the wake of a recent U.S. Supreme Court decision.
Coinbase has long been active on Capitol Hill, but turned up the heat on its lobbying efforts earlier this year. In February, the publicly traded exchange filed to form a political action committee (PAC), the Coinbase Innovation PAC. An earlier attempt by Coinbase to form a PAC in 2018 was scuttled after 10 months without raising any money.
Other major industry players, including Skybridge Capital’s Anthony Scaramucci and FTX CEO Sam Bankman-Fried, have been active in the election cycle, forming PACs and backing crypto-friendly candidates across the country (to varying degrees of success).
A number of congressional candidates backed by crypto donors have so far failed to advance to the November general election.
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