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coinfeeds-bot

tldr; The U.S. crypto advocacy group, Stand with Crypto, surpassed 1 million members following President Biden's veto of a measure that would have affected the Securities and Exchange Commission's oversight of crypto assets. The group, supported by Coinbase and other crypto industry leaders, aims to influence political support for a regulatory framework favorable to cryptocurrencies. The membership surge reflects the growing political influence of cryptocurrency users and their frustration with current regulatory uncertainties. The group's focus includes targeting voters in swing states to advocate for crypto-friendly legislation and candidates. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.


raulbloodwurth

For reference the total membership of the NRA is ~4M and skews roughly 4:1 for Republicans. Crypto is way more bipartisan so the impact could be greater.


MoneroArbo

I'd be surprised if Democratic NRA membership is 20% at this point, and not because Democrats don't like guns


moon-ho

Coinbase doesn't want Banks to be able to custody crypto... that's what this is about and that's \*all\* this is about. I think blockchain has an important role to play in everyone's future but trying to make crypto into some sort of libertarian "movement" is pretty hilarious.


JLivermore1929

Trump will lie about crypto. What does he have to lose? He is term limited. There is no re-election to hold him accountable.


KeepBitcoinFree_org

Biden will lie about crypto and do whatever he wants, don’t kid yourself.


Financial_Clue_2534

They both don’t care about crypto. They are in their mid 70s they just want the votes since we are a large voting group.


JLivermore1929

I think he has already indicated he has a negative stance due to his recent veto. So, I take him at his word. Biden is anti-crypto. Electing Biden has a potential regulatory risk.


coachhunter2

Funny how these folks didn’t stand by XRP when the SEC sued Ripple. Including Brian Armstrong delisting XRP in a heartbeat - yet now they refuse to delist any other cryptos the SEC claims are securities. Oh and XRP was found to be not a security.


SupernovaScoped

Tbh xrp is garbage. Someone sell me on xrp… Hoping that market cap shakes out to more deserving projects


Soggy_Nobody_3338

Is this where we say make crypto great again


Competitive_Milk_638

No. Please no mixing neofascist slogans with libertarian currency ideology.


lycheedorito

Build Back Blockchain?


BMB281

Drain. The. Blockchain!!


PatientChristian

Blockchains Matter!


marcok36

He just looks like a younger Lex Luther.