Coinbase to create US government lobbying group
Interest groups and lobbying | Political participation | US government and civics | Khan Academy
Coinbase has decided to lobby for political interests. The new organization will allow representing the interests of the platform at the state level.
The site is seriously determined to influence public administration through the formation of a political committee. This serious step can be seen as an attempt to contribute to the system and, in many respects, to the regulation of the position of cryptocurrencies, exchange offices and crowdfunding in the country..
Cryptocurrencies today represent a niche in which large capitals are involved. The lobbying committee, in turn, undertakes to take on the issues of promoting its ideas. Considering Coinbase’s edge over other For cryptocurrency organizations, such market representation can lead to misconduct. The fact is that, despite attempts to conduct an honest policy, the financial component is far from the last criterion for making decisions. Through the existing leverage, site representatives will be able to independently adjust many aspects related to the activities of regulators.
Of course, the representatives of Coinbase themselves argue that such a scenario has nothing to do with reality, however, many figures who have a negative attitude towards cryptocurrencies as a financial instrument demonstrate concern about the current situation. If such committees are proposed on the part of representatives of other equally popular platforms, a seizure of power is likely, the purpose of which will be to level the current position of regulators in the direction pleasing to the cryptoindustry.
Earlier, we wrote about Coinbase introducing a new financial instrument — tokens for shares of American companies.
text: Evgeniya Likhodey, a photo: Bloomberg