Coinbase kicks off grassroots campaign to advance US legislation


A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights

Sept 19 (Reuters) – Coinbase (COIN.O), the largest U.S. cryptocurrency exchange, is stepping up its grassroots advocacy campaign in a bid to advance legislation that will provide regulatory clarity for the industry, the company said.

A congressional committee in July advanced a crypto bill that would define when a cryptocurrency is a security or a commodity. The industry wants that bill to go to a full vote in the U.S. House of Representatives.

Coinbase on Tuesday is launching a comprehensive paid media campaign which will include advertisements in Washington, DC and calls-to-action on its own platform urging crypto users to contact their members of Congress to ask them to pass crypto legislation.

Coinbase is also organizing a so-called “fly-in” on Sept. 27 when it will bring executives and developers from about 35 crypto companies to meet staff and lawmakers on Capitol Hill.

“Crypto is just so much…

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